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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.
Illinois Muni wants real estate manager targeting Europe, Latin America
trueIllinois Municipal Retirement Fund on Tuesday issued an RFP for at least one commingled real estate manager to run at least $100 million focused on Europe and/or Latin America.
Argentina loses bid for full-court rehearing of bond appeal
trueArgentina lost its bid for a rehearing of a federal appeals court ruling against it in litigation over $1.5 billion in the nation's defaulted bonds.
OGX files for bankruptcy protection in Rio
trueOGX Petroleo & Gas Participacoes SA, the oil company controlled by former billionaire Eike Batista, filed for bankruptcy protection in Rio de Janeiro Wednesday, Sergio Bermudes, Mr. Batista's lawyer, said by telephone.
CPPIB forms joint venture to invest in Brazil residential real estate
trueCanada Pension Plan Investment Board, Toronto, formed a real estate joint venture with Brazilian investment bank Banco BTG Pactual to invest in residential developments in Brazil.