Consar will soon be in charge of cross-border-fund approvals, replacing the Amafore

The Amafore’s vice-president, Alvaro Melendez, says he expects the change to occur toward the end of July or beginning of August 2021.

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Mexican pension regulator urges legislators to broaden investment regime

Abraham Vela Dib, president of the Consar, argued that the regulator should have latitude to set offshore investment limits.

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Mexico’s largest Afore may double its fund allocations in the short term

Afore XXI Banorte's new CIO revealed the firm's approach to manager selection and monitoring, and noted the key role active funds will play in building out its international investment strategy.

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Afore XXI Banorte names new CEO

Tonatiuh Rodriguez Goméz, CEO of Mexico's largest private pension fund, Afore XXI Banorte, will be replaced by Juan Manuel Valle Pereña as of Feb. 1, 2017.

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Pioneer snatches USD 150 million Asian mandate from XXI Banorte

The efforts of Pioneer's Gustavo Lozano in Mexico have helped land Pioneer two mandates (already funded) with Afore Banamex (European and Asian equity) and a third (not yet funded) with Afore Sura (global equity).

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Afore XXI-Banorte to proceed with Asian equity RFP

Afore XXI-Banorte's Sergio Mendez says the pension manager will proceed with its plan to launch an Asian equity mandate, first announced by Fund Pro Latin America in March of 2016.

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XXI Banorte faces challenge managing Mexico’s largest institutional portfolio

Mexico's largest pension manager says it will use its entire 20% international allocation to gain exposure to foreign equities, in part via ETFs and in part via mandates.

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Before Afores can invest in mutual funds the regulations need surgery

The regulations on mutual fund operations and Afores investments in Mexico do not match, which means there is no viable possibility of investing in these vehicles.

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