Autumn 2014

ArgentinaOpportunities for distressed debt investors are diminishing as governments look to adopt a new approach to dealing with sovereign default, effectively removing vetoes blocking debt restructuring. Stefanie Eschenbacher asks at what can be learnt from Argentina’s default.

Fiona Le PoidevinVisiting Brazil, Chile and Colombia earlier this year I was struck by the way in which Latin American institutional investors are shifting their allocations away from simply the traditional domestic market to incorporate wider asset classes, such as private equity and with global exposure, including Europe.

Air baloonsDespite being Latin America’s third-largest economy equity managers aren’t unified on the merits of Colombia. This isn’t the case for bond managers, discovers Nick Fitzpatrick.

ColoursNew rules mean mutual funds must use third-party depositaries, not local banks. Nicholas Pratt looks at how a market, where Citi was the only foreign player, may change.

Jean SeraniIn a new series, Funds Europein conjunction with Investec Asset Management, looks at the challenges affecting fund distributors around the world. Jean Pierre Serani Toro, chief executive officer of Valores Bancolombia, explains the opportunities he sees in asset management.

TreesLatin America could be the fastest growing region in the next five years, finds Andrew Short. Though good for international asset managers, it makes it unlikely that Brazilian investors will want to venture abroad.

Giordano LombardoStimulus measures and recovering economies support investment in risk assets like equities. Pioneer Investments advocates risk – but says diversification is more urgent.

Paper shipThe Brazilian retail opportunity is starting to shift to broader asset coverage, though investors like simple products, finds Andrew Short, who looks at how some local and international fund managers are developing.

Old carsCuba is subject to a strict embargo by the US and is not part of international capital markets. Florida-based Thomas J. Herzfeld tells Stefanie Eschenbacher how he invests in the island nation through a variety of legal strategies.

Sponsored Profiles

SPONSORED FEATURE: Alternative thinking

Mar 16, 2017

Portfolio Manager Davide Cataldo discusses the results of the Pioneer Investments’ survey on liquid alternatives and how investors can be encouraged to increase their allocation.

SPONSORED FEATURE: Interest rate risk hedging: Swapping to other options

Mar 16, 2017

Heightened margin requirements for cleared and uncleared OTC derivatives pose a challenge for legitimate hedging activities and are driving financial institutions to explore alternative hedging...

SPONSORED FEATURE: Why blockchain could be the fund industry’s next Ford Model T

Mar 16, 2017

Blockchain aims to radically change the way investors can access funds, says Olivier Portenseigne, Managing Director and Chief Commercial Officer of Fundsquare.

SPONSORED FEATURE: Open architecture: In need of protection

Mar 16, 2017

Greater efficiency must be embraced to ensure regulatory changes do not destroy choice for fund buyers, says Bernard Tancré of Clearstream.

Executive Interviews

CEO INTERVIEW: Munro gains three-year track record

Mar 16, 2017

Aviva Investors’ annual results this month were the third set since Euan Munro took over as CEO. Nick Fitzpatrick speaks to him about the ‘Aims’ fund at the heart of the firm’s outcome strategy.

DISTRIBUTION INTERVIEW: Tales of the unexpected

Mar 16, 2017

Laurence Terryn, a fund selector at Candriam, tells David Stevenson how the twists and turns of the past year’s macro environment flavoured her approach to fund selection.

Roundtables

ASSET SERVICING ROUNDTABLE: Under pressure

Mar 07, 2017

Funds Europe speaks to leading Luxembourg industry figures about the growing regulatory demands on asset servicers and how to remain profitable in spite of major investments in technology.

SEC LENDING ROUNDTABLE: Both a borrower and a lender be

Jan 11, 2017

Industry heavyweights, including agent lenders, discuss issues affecting the securities lending sector such as regulation and the types of collateral being used.