Enrique Solórzano (photo), head of investments at Afore Sura, said that the Siefores representing younger people should adopt the investment models of countries such as Chile and Peru, which allow a higher rate of investment in equity than in bonds, as a means of increasing returns.
Consar expects pension managers to follow Afore Banamex’s model on mandates
July 16, 2014 by
In an interview with Fund Pro Latin America, Carlos Ramirez Fuentes (photo), president of the Consar, said that "Increases in both the contribution rate and the foreign investment limit are important changes to be discussed," adding, "we are concentrating a lot of risk in one basket by leaving 80% of savings in a single country."
First XXI Banorte mandate to be funded in November; more to follow
July 16, 2014 by
Mexico's largest pension fund has a short list of four managers ready for a second mandate, this time in commodities. In this article, CIO Ignacio Saldaña (photo) reveals how many more mandates the firm has lined up, as well as the percentage of total AUM it plans to allocate to global managers.
Afore Banamex selects three managers specializing in international equity
February 21, 2012 by
JP Morgan, BlackRock and Schroder are chosen to manage part of the Afore’s portfolio in global equities.
BlackRock to start managing equity and bonds for sovereign fund
January 17, 2012 by
The firm was one of the managers selected by the Central Bank to manage these assets. The portfolio should begin operating during the first quarter of the year.
This year could see a number of specialized mandates contracts in Mexico
January 5, 2012 by
Consar has defined the parameters and clarified the rules. Hugo Petricioli of Franklin Templeton and Sergio Mendez of Afore XXI believe the roles of valuers and custodians will be defined as the Afores start the mandates processes.
Flexibility and adaptability are Schroders’ keys for achieving the first Afore funding
September 22, 2013 by
Alberto Delezé, head of distribution, said the potential market for mandates is brutally big and very interesting for any manager. It should eventually result in a more open investment regime and further easing of regulations.
The process of setting up a mandate will be more flexible
September 19, 2013 by
Consar President Carlos Ramírez said that in the future not only will it take less time to set up new mandates, but there will be more interest in using them from other Afores. No progress on mutual funds.
Afore Banamex funds its first mandate with Schroders
August 27, 2013 by
After a procedure lasting two years, the British firm received USD200 million for investment in global equities. Javier Orvañanos, investment manager at Afore Banamex, said funding new mandates should not take more than a month in future.
Afore Sura mandate is for global equity
May 20, 2013 by
Emilio Bertrán, director of portfolios and mandate development manager, expects the mandate for a total of USD700 million to be funded in six or seven months.
