Alternatives managers no longer need to show a USD 5 billion allocation in a specific asset class in order to gain CCR approval to sell to AFPs.
Peruvian real-estate providers pounce on Chilean market
The situation of the real estate market in Chile could make Peruvian products attractive, especially for high-net-worth investors, said Jenny Esaine, partner of AC Capitales.
Social crisis brings uncertainty to Chilean real-estate fund segment
While exchange-traded instruments of this type suffered a drastic collapse in pricing, a proposed additional tax would severely damage future demand.
BlackRock’s alternatives group brings solutions-based approach to Latam market
With USD 184 billion in alternatives AUM, BlackRock aims to bring a local focus to alternatives offerings in Latin America, positioning itself as a provider of solutions for a growing number of clients, says New York-based Roque Calleja.
Expert views sovereign-wealth model as viable for managing additional pension flows
Scholar Eduardo Walker, member of the Pension Funds Technical Investment Council, admitted that fees paid to third-party managers are not at all high when considering rebates.
Peruvian AFPs may bump against alternatives ceiling in medium term
HMC's Daniel Dancourt said if Peruvian AFPs continue to buy alternatives at their current rate, the maximum multi-fund limits may be reached in three to five years.
Chilean AFP industry faces uncertainty from many angles
The CEO of the Chilean AFP Association, Fernando Larrain, discusses issues confronting the pension system, from potential legislation, the impact of third-party advisors, lack of definition on the alternatives front, and others.
UBS, Julius Baer and Pactual ponder Buenos Aires beachhead
The firms are said to be closely eyeing Argentina's tax amnesty program, which promises to bring back more than USD 15 billion into the country, while bringing billions more out of the shadows.
Moneda taps Rojas to head its HNW segment
Traditionally an institutional manager, Moneda has been making inroads into the private-client segment, in response to demand from wealthy Chileans and the need to diversify the composition of its investor base and product lines.
Brazilian funds got boost from market recovery in April
The equity fund class was once again the best performer, led by the FMP‐FGTS and single equity types, with respective upturns of 26.91% and 23.28%, fueled by the appreciation of Vale and Petrobras shares, which are predominant in these portfolios.