The two instructions are seen by the global asset management community as game-changers in their approach to Brazil, since important segment of the onshore market will become addressable - at least after July 1, 2015, when the rules take effect.
Brazilian fund regulator eases international investment rules, setting stage for wave of cross-border offerings
December 19, 2014 by
CVM has begun drafting new qualified-investor rules
December 10, 2014 by
The Brazilian securities regulator, the Comissão de Valores Mobiliários responded to a request made by the Brazilian Association of Financial and Capital Markets (ANBIMA) and decided that revised regulations governing "suitability" and new definitions concerning qualified investors should enter into force simultaneously.
BM&F Bovespa and S&P Dow Jones reach landmark index agreement
November 19, 2014 by
New indices being considered are: factor-based indices (e.g. dividend, volatility, and multi-asset), those based on risk control, as well as sector indices, each based upon established and recognized S&P DJI methodologies.
Fitch affirms HSBC Gestão and multimanager unit at ‘Highest Standards’
November 19, 2014 by
Fitch believes that HSBC Gestão's main challenge is to increase participation in higher value-added funds in the face of strong competition, to improve performance of its funds and grow its AUM in an increasingly challenging environment.
Patria Investimentos to open Colombian private-equity shop
October 10, 2014 by
The firm, which is backed by Blackstone, has announced that it will open an office in Colombia and investment of up to USD 500 million.
BNY Mellon announces hiring of Koelle and Salomonde
December 8, 2013 by
Koelle replaced René Boettcher. Salomonde, meanwhile, replaced Zeca Oliveira, one of three executives under the microscope for supposed “irregularities” at the firm. Oliveira and two others were officially dismissed from the company in early December, allegedly in connection with the “irregularities” mentioned above.
Principal buys stake in Claritas
March 23, 2012 by
As part of its long-term strategy to boost its presence in Brazil it will buy a 60% percent indirect ownership stake in the Brazilian mutual fund manager.
JP Morgan Funds strengthen in Latin America
August 7, 2013 by
The creation of a new job to coordinate all sales in the region, filled by Guiuliano de Marchi, combines with the plans to open a distribution office in Colombia.
