The selected manager must be very active in the geography of interest, "in order to operate with great depth in terms of company selection, which is what interests us," Juan Manuel Verón, chief investment officer of this global operator in Mexico, told Fund Pro Latin America.
Afore XXI Banorte funds its first mandate with initial disbursement to BlackRock
January 4, 2016 by
Two years after naming Schroders and BlackRock winners of a USD 1.2 billion European mandate, Afore XXI Banorte disbursed USD 320 million to BlackRock. The mandate is the first to use the newly minted custody platform build by State Street.
Custody issues delay Afore Sura mandate with four global firms
May 14, 2015 by
The pension manager hopes to fund this mandate - with Pioneer Investments, BlackRock, Investec Asset Management and Morgan Stanley - this year and will probably send a Request for Proposal (RFP) for a second mandate as well.
Banamex announces winners of USD 600 million Asian mandate
January 14, 2015 by
The announcement was a coup for Compass Group Mexico, which represents two of the firms that will share in the USD 600 million mandate. Rodrigo Blancas (photo), head of mandates, also revealed that it will be disbursing assets to previous winners of already-existing mandates, after many months of regulatory wrangling.
Another mandate from Banamex, this time for USD 1 billion
February 18, 2014 by
As the size of pension-fund mandates grows and the pace of announcements picks up, Mexico is quickly garnering the attention of global asset managers looking for the next-best market after Chile. Banamex said it would spread this latest mandate among five distinct global players - all of which have boots on the ground in the country.
