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Puerto Rico overhauls public pension fund with new law
An overhaul of Puerto Rico's cash-strapped public pension fund was signed into law Thursday by Gov. Alejandro Garcia Padilla.
Itau Asset Management's institutional chief departs
Roberto Nishikawa, global head of institutional clients and business development at Itau Asset Management, left the firm.
Brazil pensions must diversify globally
As the world's sixth largest economy with a sizable portion of its workforce moving to the middle class from lower-wage, lower-skilled positions, Brazil is in a position to learn from generations of pension evolution in other parts of the world.
MetLife pays $2 billion for Chile pension manager
MetLife, the largest U.S. life insurer, agreed to buy Chilean pension manager AFP Provida from Banco Bilbao Vizcaya Argentaria in a deal valued at about $2 billion to add fee income in Latin America.
Pioneer Investments picks head of Western Europe and Latin America
Jon Bailie was named head of Western Europe and Latin America at Pioneer Investments.
MetLife in advanced discussions to buy BBVA Chile pension business
MetLife is in advanced talks to buy the Chilean pension management unit of Banco Bilbao Vizcaya Argentaria, which has a market value of more than $2 billion, said three people with knowledge of the matter.
Harvard Management adds to its public markets team
Sanjiv Bhatia, Al-Wadhah Al-Adawi, Amit Tiwari and Srdjan (Serge) Tanjga joined the public markets team at Harvard Management Co. which oversees the $30.7 billion Harvard University endowment
Aruba pension fund taps State Street as global custodian
Stichting Algemeen Pensioenfonds Aruba, Oranjestad, hired State Street Global Services as global custodian for its $1 billion pension fund.
PIMCO to open first Latin American office in Brazil
Pacific Investment Management Co. is setting up a team of about 15 people in Rio de Janeiro as Brazil’s record-low interest rates boost demand for global investment products.
PwC: Brazil, China, India primed for money manager M&A, expansion
Fast-growing economies in Brazil, China and India should provide future M&A or expansion opportunities for money managers, PricewaterhouseCoopers’ partners said Mondayin a webcast on global industry merger-and-acquisition activity.
Hedge fund keeps Argentine navy ship in dock
A Ghanaian court has blocked an Argentine navy training vessel from leaving one of its ports after granting a request from billionaire hedge fund manager Paul Singer, who wants the South American country to repay $1.6 billion to his Elliott Management Corp.
Mexico's pension fund assets likely to double within seven years
Mexico’s pension funds probably will double their assets under management over the next five years as the country’s economic expansion fuels job growth, according to BlackRock.
Mexico's pension funds get OK on commodities-linked securities
Mexico's pension funds, known as Afores, will be allowed to invest in most commodity-linked securities starting June 20 as regulators seek to allow them to diversify investments.
Are the BRICS beginning to crack?
Since the acronym was invented for the emerging markets of Brazil, Russia, India and China, investors hopped on what was for some time a very profitable, if frankly somewhat self-fulfilling, bandwagon.
With concerns over global GDP growth, Brazilian equities have quickly fallen into bear market territory
In a little more than two months, Brazilian equities have fallen more than 20% from their recent highs, highlighting the volatility of emerging markets equities.