"We see substantial growth potential in Mexico," said Lars Jensen, Legg Mason's Head of Americas International.
Singular signs distribution alliance with local brokerage Fynsa
Chilean brokerage firm Fynsa has signed on to sell locally-domiciled ETFs created by Singular, a new asset manager made up of ex-Inversiones Security executives.
BTG Pactual bringing three new cross-border brands to Brazilian clients
At the BTG Pactual Global Managers Conference, Marcos Pimentel provided details to Fund Pro Latin America about new distribution deals signed with AQR, Pictet and T. Rowe Price.
Sura retail offering to include locally listed JPM UCITS
The deal was made possible by JPM's listing of 29 Lux-domiciled funds on the Chilean Stock Exchange, which grants the products public-offering status
Ex-Security bigs launch AGF and third-party-fund distributor
The new firm, known as Singular, will distribute OakTree funds and launch two new ETFs. Luis Fernando Pérez, former head of distribution at Inversiones Security, is among the partners.
LarrainVial analyzes Oppenheimer funds after merger announcement with Invesco
LarrainVial is eyeing opportunities to add to Invesco's asset-gathering success. In Chile alone, it has helped the manager raise USD 2.5 billion from AFP pension managers.
BlackRock takes control of Citibanamex’s asset-management unit
Armando Senra, head of the Latin America & Iberia region for BlackRock, termed the transaction "transformative for BlackRock and the asset management industry in Mexico and the region."
BCI Asset Management brings Lennar into its alternatives offering
Lennar, a real-estate developer in the US, is Bci's fourth global partner, alongside First Trust, Adams Street Partners and WellsFargo, said Bci's Sebastián Rodas.
LarrainVial buys its way into alternatives biz
Larrain announced that it would buy a 50% stake in CMB Prime, a local alternatives manager specializing in closed-end infrastructure asset portfolios.
Actinver adds another third-party manager, naming subadvisor to global multi-asset fund
Actinver signed an advisory agreement with Canadian manager Fiera Capital to reinforce the operation of its USD 174 million DINAMO fund, as it conducts a manager search for a fund focusing on cyber security.