“This move was expected and totally understandable," says Frederico Monteiro, head of offshore fund management at BB DTVM.
Global managers avoid overhyping proposed pension reform in Brazil
Franklin Templeton Brazil's Marcus Vinicius Gonçalves told Fund Pro Latin America that while pension reform would be a boost for business, global firms would not reap any benefits for some years.
BTG and Itau innovate by opening onshore fund platforms to third parties
“Almost all funds in the market are now available on our digital platform,” BTG Pactual Digital's Marcelo Flora told Fund Pro Latin America. “For us, offering open architecture is a way to truly put the client first."
Global sponsors reinvent their international product offering in Brazil
“We believe that liquid alternative funds, with controlled volatility, are the path for the international fund market from now on,” says Templeton's Marcus Vinicius.
Cross-border managers in Brazil encouraged by investor interest in global diversification
Giuliano De Marchi of JP Morgan AM in Latin America says the number of investors testing the new offerings of international funds in Brazil has grown exponentially compared to just a few months ago, when Instruction 555 came into force.
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.
Templeton launches cross-border fixed-income fund to attract Brazilian pensions
The fund aims to bring the excess return relative to the alpha generated in international markets and translate it into Reais. "The goal is that the fund generate returns of CDI plus 5.5% or 6%," explained Marcus Vinicius Goncalves (picture), representative of Franklin Templeton in Brazil.