Solange Berstein and Osvaldo Macías favored adapting the offering to the liquidity of the underlying asset and preparing managers' teams to work with this asset class.
Shrinking AFP industry and local instability boost Chile’s offshore business
"Our clients want to maintain a balance between local and international investments," said Compass's Juan Cristóbal Figueroa.
M&G and Picton sign distribution agreement for Chile and Peru
"Picton continues to expand its footprint in Latin America through a partnership with a world-class active asset management firm," said founding partner Matias Eguiguren.
Pension withdrawals: Andean AFPs still hold lion’s share of most managers’ Latin AUMs
Matías Eguiguren, a partner at Picton, recognized the damage done to pension fund positions since the outbreak of COVID-19.
Picton takes over institutional distribution duties for Federated Hermes
Picton will focus on positioning Federated Hermes’ investment capabilities and services in the Latin American pension sector and with other institutions.
Picton closes the year with a recognition and regional presence
Picton has signed mandates with firms like KKR, TPG, Ares, American Securities, Hamilton Lane, EQT, Permira and Apollo, among others.
MFS reorganizes its Latin American sales approach
MFS has lost two Argentina-based directors, named a Miami-based executive as managing director for the Americas, and ended a third-party distribution relationship with Santiago-based Picton Advisors.
Private-equity funds in Chile added USD 2 billion in AUMs in 12 months
Local domiciled private-equity funds are enjoying strong growth just as the regulator is proposing increased limits on AFP investments in alternatives.
Picton head favors direct AFP investment in alternatives
The tax benefits of local feeders still make sense for insurers and family offices, says Matías Eguiguren of Picton Advisors. But allowing the tax-exempt pension funds to invest directly offshore "would give them the opportunity to differentiate themselves."