Chart comparing mutual fund sector asset growth over the last 1, 3, 6 and 12 months. Period ending July 31, 2013.
Brazilian Mutual Fund Sector Asset under Management over Last 1, 3, 6, and 12 Months – August 2013
Credit Suisse names Pereira as Brazil CEO
Credit Suisse Group named José Olympio Pereira as chief executive of its Brazilian unit, overseeing investment banking, private banking and asset management divisions. He replaces Antonio Quintella.
Pimco to Open Office in Brazil
Pimco will operate in Brazil as PIMCO Latin America Administradora de Carteiras, and will be regulated by the CVM.
Principal buys stake in Claritas
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.
Aberdeen has been appointed investment adviser to the Credit Suisse Equity Fund Brazil and Bond Fund Brazil
The equity strategy will be managed by Devan Kaloo, head of Global Emerging Markets, while the bond strategy will be managed by Brett Diment, head of Emerging Market Bonds.
Previ plans BRL 300 million to invest in shares of foreign companies
Rene Sanda, Chief Investment Officer, of Brazil's biggest pension, said the decision followed conversations with other other major pension funds, which agreed on the need to invest abroad.
Brazilian insurers to adjust investment portfolios
The Brazilian government has passed a new resolution that establishes general investment rules to be observed by local insurance, reinsurance and private pension entities with regards to their assets linked to technical reserves.
Brazil’s BTG Pactual completes acquisition of Colombia’s Bolsa y Renta
Brazil's Banco BTG Pactual said it has completed its acquisition of Colombian brokerage Bolsa y Renta, as it extends its presence further across Latin America.
Itaú Asset says Brazilians eyeing more foreign assets
A decline in interest rates to record lows is forcing funds to build a more diverse base of financial instruments to help lure new clients, said Paulo Corchaki, chief investment officer at Itaú Asset Management.



