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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.
Darby Overseas Investments beefs up Latin America private equity team
trueRoberto Velarde has joined Darby Overseas Investments, the private equity arm of Franklin Templeton Investments, as managing director, Latin America private equity.
Afore SURA picks 4 global equity managers, custodian
trueAfore SURA, Mexico City, hired Pioneer Investments, BlackRock, Morgan Stanley and Investec to manage $700 million total in global equity.
Puerto Rico overhauls public pension fund with new law
trueAn 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
trueRoberto Nishikawa, global head of institutional clients and business development at Itau Asset Management, left the firm.
Brazil pensions must diversify globally
trueAs 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
trueMetLife, 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
trueJon Bailie was named head of Western Europe and Latin America at Pioneer Investments.
MetLife in advanced discussions to buy BBVA Chile pension business
trueMetLife 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
trueSanjiv 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
trueStichting 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
truePacific 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.