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Quebec's Caisse acquires 4 Mexican toll roads for C$3.01 billion
trueCaisse de Depot et Placement du Quebec, Montreal, agreed to acquire a combined 49% equity stake in four Mexican toll highways, including the Acapulco Tunnel, from Mexican infrastructure manager Empresas ICA for C$3.01 billion ($2.4 billion).
Afore Banamex taps 4 firms for Asian equities
trueAfore Banamex hired BlackRock, Pioneer Investments, Nomura Asset Management and Wellington Management to manage between $500 million and $600 million combined in Asian equities.
No gold rush for Cuba despite diplomatic thaw
trueA slight thaw in U.S.-Cuba relations has some observers thinking that down the road, U.S. asset owner interest in the Caribbean nation could heat up.
Institutional investment in Cuba 'could be years away' after U.S. restores relations
truePresident Barack Obama's announcement Wednesday that the U.S. and Cuba would restore diplomatic relations won't open up U.S. institutional investment in the Caribbean nation anytime soon.
Advent International closes sixth Latin American fund at $2.1 billion
trueAdvent International, a global buyout manager, announced Thursday the closing of its $2.1 billion Advent Latin American Private Equity Fund VI.
Towers Watson: Benchmark index for pension plans drops in 5 of 7 markets
trueIndex results for benchmark corporate pension plans in five major regions fell in the third quarter because of falling interest rates and modest investment returns, said Towers Watson's quarterly report.
Afore Banamex picks Pioneer Investments for international equities
trueAfore Banamex, Mexico City, hired Pioneer Investments to run about $400 million in active international equities.
Quebec's Caisse to invest up to $500 million in Mexican real estate
trueCaisse de Depot et Placement du Quebec, Montreal, through its Ivanhoe Cambridge real estate subsidiary, will invest up to US$500 million in mixed-use real estate in Mexican cities.
D.C. Retirement Board earmarks for private equity, energy, real estate
trueDistrict of Columbia Retirement Board, Washington, agreed to commit a total of up to $85 million to private equity, energy and real estate
Emerging market portfolio globalization: The next big thing
trueOne of 2014's great investment surprises has been emerging markets equity performance. Notwithstanding negative news (from Ukraine to China, Turkey to Thailand) and record foreign investor outflows, MSCI EM equity is up 5% in the first half of the year in line with MSCI All Country World Index ...
LACERA commits to Patria Investimentos, preps invitation-only credit search
trueLos Angeles County Employees' Retirement Association committed up to $100 million to Patria Investimentos' Patria-Brazilian Private Equity Fund V, a Brazilian buyout fund.
Singapore's GIC opens Sao Paulo office
trueSingapore sovereign wealth fund GIC Private Ltd. officially opened an office in Sao Paulo, Brazil, Tuesday.
Emerging markets are cheap for a reason
trueSo are emerging markets likely to underperform or outperform this year? Consider the following:
Nomura Asset Management adds to Latin America management team in London
trueNick Payne was appointed Latin American portfolio manager at Nomura Asset Management U.K.
Partnerships and acquisitions pay off south of the border for Principal
truePrincipal Financial Group Inc. claimed 18% of its operating profit from money management operations in Latin America in 2013, the result of a series of bold moves in a treacherous market where few other global managers have found success.