What does Argentina’s Capital Markets Law mean for asset management? A local attorney provides guideposts

Dr. Pablo I. Godoy, an associate with the prestigious Argentine law firm Estudio Beccar Varela, highlights the most important points of the new law and connects them with the recent regulatory modifications introduced by the Argentine Securities and Exchange Commission (CNV).

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CCR Monthly Approval Report – April 2018

Lombard Odier led with 10 mutual funds registered in the month, while AZ Fund followed with three of its own products. Eleven other mutual funds managers and ETFs sponsors completed the list with one product each.

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Slew of long-only funds to be greenlighted by CCR following ruling on hedge-fund use

The expected approval the week of April 23 of UCITs and 40 Act funds that use leverage comes after the CCR had delayed review pending guidance from the pension regulator on the use of hedge funds.

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New real-estate fund regs permit hiring of third-party managers

Marcela Arias of the Colombian mutual fund association, Asofiduciarias, is optimistic about a boom in REIT activity beginning as early as the second half of 2018.

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CCR Monthly Approval Report – March 2018

Evli led with nine funds registered in the month, while Goldman Sachs (2), Invesco (2), Schroder (1), Deutsche (1), BNY Mellon (1), Pictet (1), and Lyxor (1) won approval for their mutual fund products.

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CCR Monthly Approval Report – February 2018

Deutsche, Nordea, and Acadian each had two of their mutual funds registered, while Investec, Nomura and Lyxor followed, each with one product approved.

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CCR Monthly Approval Report – January 2018

Legg Mason, Invesco, Natixis, Lyxor, and Degroof Petercam were the managers registering products in January 2018.

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Consar anxious to establish rules for cross-border-fund investing

Carlos Ramírez, president of the Consar, provided Fund Pro Latin America with a time estimate on when Afore pension managers will finally be able to invest in cross-border mutual funds.

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CMN heeds industry advice, ditches rule requiring risk rating on cross-border funds

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.

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With amnesties in rear-view mirror, wealth planning assumes more prominent role

“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.

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