Pensionissste, Banamex, Profuturo and Principal were the subjects of mandate news in October and November, as were global managers BlackRock, Wellington, Franklin Templeton and a pair of others.
Afore Banamex ready to fund Asian mandates
October 5, 2016 by
Rodrigo Blancas, Afore Banamex's international equity portfolio manager, told Fund Pro Latin America that the funding to four global managers will total USD 500 and USD 600 million for the Asian market and will take place in October.
Afore XXI Banorte lines up three more mandates, including Asian equities and commodities
March 30, 2016 by
With these three mandates, the country's largest Afore plans to increase its international investments up to 9% of its total assets under management - just over USD 3.2 billion out of a total of USD 36.4 billion managed, said Ignacio Saldaña, investment director.
Afore Principal has global investment mandates on back burner
February 26, 2015 by
The regulator is very active and is making an effort to get the system working correctly, said Ramón Pando, Afore Director in Principal Financial Group Mexico (photo). But that means taking the time to align its processes according to Consar dictates. Mandates will have to wait, he said.
Banamex announces winners of USD 600 million Asian mandate
January 14, 2015 by
The announcement was a coup for Compass Group Mexico, which represents two of the firms that will share in the USD 600 million mandate. Rodrigo Blancas (photo), head of mandates, also revealed that it will be disbursing assets to previous winners of already-existing mandates, after many months of regulatory wrangling.
Afore Banamex teases new international mandate
November 26, 2014 by
Fresh off the announcement of a commodity mandate with Deutsche Bank, Wellington and Schroders, Banamex said it is in the process of interviewing managers for what would be its third international equity mandate.
Banamex awards new commodity mandate to three top global firms
October 30, 2014 by
The awarding of the mandate, as well as its size, is dependent upon the final design of the investment guidelines being drawn up by the Consar, Afore Banamex and the winners of the mandate.
Consar greenlights funding of USD 400 million Banamex mandate with Pioneer
September 23, 2014 by
The president of the Consar, Carlos Ramírez Fuentes (photo), told Fund Pro Latin America that the agency believes mandates are quite important vehicles at the disposal of Afores, but acknowledged that the approval processes need to be sped up.
Banamex funds European mandate to Schroders; Pioneer next in line
April 10, 2014 by
Banamex's second separate-account mandate was awarded to Schroders, BlackRock, BNP Paribas, Pioneer Investments and Franklin Templeton. The other firms have not received funding to date, but funding to Pioneer is said to be next and is pending regulatory approval. Schroder is now managing USD 900 million from Afore Banamex.
Flexibility and adaptability are Schroders’ keys for achieving the first Afore funding
September 22, 2013 by
Alberto Delezé, head of distribution, said the potential market for mandates is brutally big and very interesting for any manager. It should eventually result in a more open investment regime and further easing of regulations.
