“RIAs are placing a greater emphasis on illiquid alternatives to insulate their clients from market volatility while seeking to deliver competitive market returns,” said Hollie Fagan, head of BlackRock’s RIA business.
Afore Banamex ready to fund Asian mandates
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.
BlackRock hires Carlos Takahashi as strategist
Former CEO of the country’s largest asset manager, BB DTVM, Takahashi will now serve as advisor to BlackRock in Brazil.
Scotia Wealth in Mexico allocates USD 650 million to third parties
Open architecture allows newly branded Scotia Wealth Management to offer the best solutions to its affluent Mexican clients, said VP Jaime Montemayor.
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.
BlackRock reinforces Latam management team
Andrés De Goyeneche was named regional director for Chile, Peru and Uruguay, while Mauricio Perez Lavin was tapped to lead the product division for institutional clients in Chile.
BlackRock’s Latam MD tapped to head firm’s Australian operation
Dominik Rohe had been working with BlackRock in New York, where he served as a managing director and head of institutional and wealth for the Latin America and Iberia region.
Stronger Real spurs selloff of international funds in Brazil
BB DTVM's major partners are BlackRock, Nordea, JP Morgan and Schroders, who represent more than 70% of total AUM of its international products, said Ricardo Forni, product manager.
Jorge Diaz departs BlackRock to join Compass Group
Compass is the leader in third-party distribution to institutional clients in the region, with more than USD 12.7 billion raised for the seven international firms: Vanguard, PIMCO, Investec, Eastspring, Nomura, UBS and Wisdom Tree.
BlackRock’s iShares unit to unveil new line of multi-factor sector ETFs
BlackRock’s Factor-Based Strategies Group, led by Andrew Ang, oversees the broadest suite of factor-based products and capabilities, with more than USD 142 billion in assets under management.