The original resolution by the Brazilian Monetary Council had paralyzed the offer of global funds to local pension managers, said Marc Forster, executive director at Western Asset in Sao Paulo.
CMN heeds industry advice, ditches rule requiring risk rating on cross-border funds
January 25, 2018 by
With amnesties in rear-view mirror, wealth planning assumes more prominent role
January 17, 2018 by
“After the amnesties, we’re seeing clients more and more concerned about the types of investments they are making from a tax perspective,” said Horacio Woycik, head of the Montevideo office for international law firm Harneys.
With holy grail in reach, cross-border managers urge respect for process in Mexico
January 15, 2018 by
While preaching patience, Natixis's Mauricio Giordano told Fund Pro Latin America that Afores could potentially make their first cross-border-fund investments in the second half of 2018.
ACAFI welcomes new alternatives regulations, but still sees pending issues
January 4, 2018 by
ACAFI chief Luis Alberto Letelier said attractive products and the hard work of local managers - not capital repatriation - have been the major driver for growth of the closed-end fund business in Chile.
CCR Monthly Approval Report – December 2017
January 3, 2018 by
Products from HSBC, Lyxor, Aberdeen and others won approval, as did the first alternatives products from Carlyle Group, Oaktree Capital and Intermediate Capital Group.
Brazilian pensions less likely to invest abroad despite new resolution facilitating use of local feeders
December 13, 2017 by
A new rule intended to make it easier for Brazilian pensions to allocate to feeder funds investing in cross-border funds is so confusing that it may have the effect of causing redemptions from these products, at least until there is clarification.
CMN Resolution 4.611
December 11, 2017 by
Alters Resolution 3.792, from September 24, 2009, which set rules on the allocation of assets of plans administered by Brazilian closed pension funds.
CCR Monthly Approval Report – November 2017
December 6, 2017 by
iShares, Oddo, Matthews , Lyxor, and Edmond de Rothschild were the fund sponsors gaining approval for new products.
New alternatives regulations free up AFP cash
November 29, 2017 by
Two of Chile's most experienced executives in the alternatives industry - Matias Eguiguren and Ricardo Morales - explained how the new investment regimen streamlines the handling of committed capital.
CCR delists commodities products in response to new alternative-investment regime
November 21, 2017 by
The risk-rating agency responded to new rules put in place by the Pension authority, whose superintendent. Osvaldo Macías, said: "Investment in commodities will not be allowed at this stage by any modality, or investment in hedge funds."
