"We have a vision to contribute to this important moment of change in investors' portfolio allocation," says Rodrigo Araujo, the firm's Brazilian director.
PIMCO scores with currency-hedged Brazilian fixed-income fund
"We decided to offer a fund protected from currency volatility," said Luis Otavio Oliveira, vice president of PIMCO and responsible for business development in Latin America.
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.
Western Asset preps global-equity feeder allocating to sister firm ClearBridge Investments
The feeder fund will hit the ground running with BRL 35 million (USD 11 million) raised from Brazilian pension funds, said Marc Forster, executive director at Western Asset Mgt. in Sao Paulo.
JPM Brazil launches Global HY Bond in local currency
"This new fund will have returns calculated by the local interbank deposit certificate rate – CDI + 3%,” said Giuliano De Marchi, head of sales for Latam.
Columbia Threadneedle teams with institutional heavyweight Rio Bravo in Brazil
Columbia Threadneedle’s Joseph Sweigart said his firm is teaming with independent manager Rio Bravo Investimentos to launch a Brazilian-domiciled European-equity fund targeting Brazil’s corporate-pension market.
Templeton and Brazilian insurer SulAmerica ink partnership, launch global fund
Franklin, which is headed in Brazil by Marcus Vinicius Goncalves (photo), was the last firm standing following a lengthy selection process that initially involved 40 managers, which was itself followed by a qualitative analysis with six finalists.
Schroders bets on Brazilian pensions, launching European fund with Banco do Brasil
Schroders put up USD 6 million in seed money to get the Brazilian-domiciled feeder fund off the ground.