The offshore-fund market operating from Uruguay is still growing, but we believe it is reaching a mature stage, says LFS's sales manager María José Fossemale.
Excel Capital seeks closer ties with clients in Uruguay
"Our opening in Uruguay is simply related to the need to be face to face with advisors," says Excel's Cristián Reynal,
Econsult transfers half its funds to Principal AGF
Following the agreement, the manager retains only two local feeder funds that invest in foreign real-estate assets through Brookfield.
JP Morgan AM widens distribution of its funds in Chile
Through an alliance with Banco Bci, the manager will intensify its distribution to private-banking clients, says Juan Pablo Soffia Moller, JPAM's Chilean MD.
Berenberg makes play for Afore money in “attractive” Mexican market
Berenberg's Matthias Born expects to land an allocation from the Afore industry before September. Its first approved fund invests in small-cap European equity.
Azimut targets acquisitions in Chilean wealth space
Among individuals in Chile, "there is a preference for having money offshore and also for the platform to be offshore," Azimut's Diego Varela said,
BNP Paribas Asset Management seeks to increase its presence in Mexico
"Mexico is a key market for BNPP AM,” said Paola Zamora, based in Mexico City and recently appointed Customer Relationship Manager for BNP Paribas Asset Management (BNPP AM).
SURA starts offshore operations with new office in Miami
Inversiones SURA’s new office in Miami plans to serve thousands of clients from all over Latin America, said Pablo Matte Ross.
Shrinking AFP industry and local instability boost Chile’s offshore business
"Our clients want to maintain a balance between local and international investments," said Compass's Juan Cristóbal Figueroa.
Morgan Stanley adds to Latin American and US Offshore sales team
Denise Casellas and Jennifer Romero will be responsible for relationship management in Mexico and other markets, focusing on both institutional and intermediary channels.