Consistent with AllianzGI’s previous integrations, the distinct dynamics and processes of Rogge's 30-year-old investment philosophy will be maintained within AllianzGI’s global investment platform.
Hartford Funds partners with Schroders to expand investment platform
“This relationship will allow us to expand the breadth of our investment capabilities and continue to deliver quality solutions to US investors, both now and in the future,” said Jim Davey, president of Hartford Funds.
JP Morgan AM takes minority stake in ETF provider Global X
"Investing in Global X augments our ETF strategy by expanding and deepening our participation in this fast-growing industry," said Jed Laskowitz, co-head of global investment management solutions for JP Morgan Asset Management.
General Atlantic to increase stake in Brazil’s XP Investimentos to 49%
The brokerage firm and fund distributor is growing not only in Brazil but also in the US, where it will probably double headcount this year to about 90 people, with half in Miami and the other half in New York, says CEO Guilherme Benchimol.
Brazil’s Itaú eyes Citigroup’s Latin American operations
An acquisition of Citi's chain of banks in Latin America would help Itaú reduce its dependence on Brazil, acknowledged the firm's Ricardo Villela Marino, head of Latam operations.
Old Mutual sells fixed-income group Rogge to Allianz Global Investors
The transaction would strengthen the fixed-income business of Allianz Global Investors, while giving Rogge Global Partners larger distribution of its products. The transaction, which involved an undisclosed sum, is expected to complete in the second quarter of 2016.
Itaú shopping for private-banking operations in Argentina and Mexico
Argentina and Mexico are the markets Itaú is considering for expansion, according to Ricardo Villela Marino, executive vice president and board member of the Brazilian behemoth.
Bradesco ponies up USD 5.2 billion for HSBC’s Brazilian operation
The deal includes HSBC's local fund management operation, worth USD 26 billion, helping Bradesco surpass Itaú in the Brazilian asset manager ranking.
Gávea founders reach deal to buy back Brazilian firm from JP Morgan
Gávea will keep its hedge funds and private-equity funds, which are the firm’s core businesses. Equity funds and real-estate funds will likely stay with JP Morgan, which operates as a local asset manager in Brazil.
Fóndika AUMs grow 16.2% with purchase of Zurich platform
While Fóndika currently distributes the local and international funds of 10 managers, CEO Juan Carlos Pelayo noted that new regulations will allow the platform to commercialize any publicly offered Mexican funds it finds interesting.