After 16 years at Legg Mason in Brazil, Roberto Teperman just debuted a new factor-based fund firm with five other partners, called DAO Capital.
Brazilian managers selling cross-border vehicles to pensions of government workers
BB DTVM has partnerships with global managers such as Nordea, Schroders, Aberdeen and BlackRock, said Aroldo Medeiros, director at BB DTVM.
BlackRock, others ready to pull trigger on global offerings in Brazil
"We have a vision to contribute to this important moment of change in investors' portfolio allocation," says Rodrigo Araujo, the firm's Brazilian director.
Brazilian funds ended 2017 with USD 30 billion in offshore investments
The major sponsors of globally-oriented funds in Brazil - in particular Western Asset, JP Morgan and Claritas - all benefited from the uptick. The expectation is for additional managers to enter the space.
Pimco puts on asset-gathering master class in Brazil
Pimco's Brazil-domiciled feeder funds, which invest in cross-border Pimco products, raised roughly USD 350 million in the first six months of 2017, with AUMs jumping from USD 61 million to USD 419 million. Luis Otavio Oliveira, Pimco's VP of business development, explains how.
Local-product launches in Brazil will provide access to range of Legg Mason brands
Western Asset's Roberto Teperman, said the firm will launch a range of local funds in Brazil which will allocate to cross-border products of Legg Mason brands, including Western Asset, Brandywine, Clarion, ClearBridge, EnTrustPermal, Martin Currie, QS Investors, Rare Infrastructure, and Royce.
Managers hopeful that lower rates will spur demand for cross-border offerings
Itajubá Investimentos' Carlos Garcia believes the reduction of local interest rates may attract Brazilian investors to global offerings, but cautioned that pension funds still need to be convinced to diversify.
Legg Mason installs cross-border distribution head in Sao Paulo
After 10 years as a Western Asset Brazil executive, Roberto Teperman now has the role of distributing the entire fund platform of the Legg Mason group, which includes nine subsidiaries around the world.