FUND MANAGER DATA, NEWS & ANALYSIS BY CITYWIRENEWSFUND MANAGERS & FUNDSEVENTSMAGAZINESCOOKIESRATED FUND MANAGERS Citywire Americas. The Citywire magazine is designed and written exclusively for the US offshore and Latin American investment communities, bringing the latest news and views about global fund management to this audience. Register. ACCUSATIONS FLY AS XP AND EX-WEALTH SHOP PARTNER EACH Accusations fly as XP and ex-wealth shop partner each claim contract violations. Brazil’s XP has told one of its wealth manager partners Acqua-Vero Investimentos it owes 139.4m reais ($26m) in damages for allegedly breaching its contract to leave its independent advisor

network and

YOU'RE HIRED! THE 10 BIGGEST ADVISOR MOVES IN MAY UBS recruits $300m Miami advisor. UBS also added to its international advisor team in May. Ronald Kaufler joined the Swiss firm’s downtown Miami office from Wells Fargo, where he ran around $300m in assets for clients in Ecuador and Panama, according FUND FLASH: GMO LAUNCHES MARKET BUBBLE FUND, SCHRODERS Citywire Americas rounds up the biggest news in the funds and Ucits investment universe as reported by Citywire’s global publications. Fund house Grantham, Mayo, Van Otterloo & Co (GMO) has launched a Ucits-compliant version of its market dislocation fund, which seeks to capitalize on market bubbles through a long/short approach, Citywire

Selector reports.

WEALTH SHOP HIRES TOP CITI INVESTMENT ADVISOR AFTER CHILE Uruguayan wealth management firm Criteria has added another new recruit to its recently-launched office in Santiago, Chile. Oscar Niño de Zepeda (pictured) has joined Criteria as director of investment strategy for its Chilean advisory office. He previously MATTHEWS ASIA SIGNS LATAM DISTRIBUTION DEAL WITH PICTON San Francisco-based asset manager Matthews Asia has struck a fund distribution deal with third-party marketer Picton to market the firm’s strategies to investors in Latin America. RAYMOND JAMES ADDS $700M WELLS ADVISORS IN MIAMI Earlier this month, Raymond James also hired a $140m Miami-based advisor from Wells Fargo catering to mainly Argentine and Colombian clients. In March, the firm added a $200m duo similarly covering clients in Latin America.. Raymond James has been one of most active firms actively recruiting Wells Fargo’s departing international advisors alongside Morgan Stanley. INSIGNEO HIRES JPM AND WELLS VETS TO LEAD NEW NYC OFFICE She has also previously worked at Chase Investment Services and Bear Stearns, per her BrokerCheck profile. ‘Our Miami origin makes our current mix of end-clients predominantly Latin American and US, but we work with many advisors serving INSIGNEO BOOSTS MIAMI TEAM WITH WELLS LATAM VET Insigneo has added a Miami-based international advisor from Wells Fargo catering to Latin American clients. Janel Vidal Perez joined the firm on April 19 after more than two decades working at Wells Fargo’s Miami-based branch, according to her BrokerCheck profile. T. ROWE STAR LARRY PUGLIA TO STEP OFF $97BN BLUE CHIP Veteran T. Rowe Price portfolio manager Larry Puglia is to step off the firm’s Blue Chip Growth fund, which he has managed since 1993.. The $97.5bn T. Rowe Price Blue Chip Growth fund is one of the firm’s most storied and successful strategies.. According to a filing with the Securities and Exchange Commission, Puglia (pictured below) will come off the fund on October 1. FUND MANAGER DATA, NEWS & ANALYSIS BY CITYWIRENEWSFUND MANAGERS & FUNDSEVENTSMAGAZINESCOOKIESRATED FUND MANAGERS Citywire Americas. The Citywire magazine is designed and written exclusively for the US offshore and Latin American investment communities, bringing the latest news and views about global fund management to this audience. Register. ACCUSATIONS FLY AS XP AND EX-WEALTH SHOP PARTNER EACH Accusations fly as XP and ex-wealth shop partner each claim contract violations. Brazil’s XP has told one of its wealth manager partners Acqua-Vero Investimentos it owes 139.4m reais ($26m) in damages for allegedly breaching its contract to leave its independent advisor

network and

YOU'RE HIRED! THE 10 BIGGEST ADVISOR MOVES IN MAY UBS recruits $300m Miami advisor. UBS also added to its international advisor team in May. Ronald Kaufler joined the Swiss firm’s downtown Miami office from Wells Fargo, where he ran around $300m in assets for clients in Ecuador and Panama, according FUND FLASH: GMO LAUNCHES MARKET BUBBLE FUND, SCHRODERS Citywire Americas rounds up the biggest news in the funds and Ucits investment universe as reported by Citywire’s global publications. Fund house Grantham, Mayo, Van Otterloo & Co (GMO) has launched a Ucits-compliant version of its market dislocation fund, which seeks to capitalize on market bubbles through a long/short approach, Citywire

Selector reports.

WEALTH SHOP HIRES TOP CITI INVESTMENT ADVISOR AFTER CHILE Uruguayan wealth management firm Criteria has added another new recruit to its recently-launched office in Santiago, Chile. Oscar Niño de Zepeda (pictured) has joined Criteria as director of investment strategy for its Chilean advisory office. He previously MATTHEWS ASIA SIGNS LATAM DISTRIBUTION DEAL WITH PICTON San Francisco-based asset manager Matthews Asia has struck a fund distribution deal with third-party marketer Picton to market the firm’s strategies to investors in Latin America. RAYMOND JAMES ADDS $700M WELLS ADVISORS IN MIAMI Earlier this month, Raymond James also hired a $140m Miami-based advisor from Wells Fargo catering to mainly Argentine and Colombian clients. In March, the firm added a $200m duo similarly covering clients in Latin America.. Raymond James has been one of most active firms actively recruiting Wells Fargo’s departing international advisors alongside Morgan Stanley. INSIGNEO HIRES JPM AND WELLS VETS TO LEAD NEW NYC OFFICE She has also previously worked at Chase Investment Services and Bear Stearns, per her BrokerCheck profile. ‘Our Miami origin makes our current mix of end-clients predominantly Latin American and US, but we work with many advisors serving INSIGNEO BOOSTS MIAMI TEAM WITH WELLS LATAM VET Insigneo has added a Miami-based international advisor from Wells Fargo catering to Latin American clients. Janel Vidal Perez joined the firm on April 19 after more than two decades working at Wells Fargo’s Miami-based branch, according to her BrokerCheck profile. T. ROWE STAR LARRY PUGLIA TO STEP OFF $97BN BLUE CHIP Veteran T. Rowe Price portfolio manager Larry Puglia is to step off the firm’s Blue Chip Growth fund, which he has managed since 1993.. The $97.5bn T. Rowe Price Blue Chip Growth fund is one of the firm’s most storied and successful strategies.. According to a filing with the Securities and Exchange Commission, Puglia (pictured below) will come off the fund on October 1. PE GIANTS BLACKSTONE AND CARLYLE RETHINK LATAM STRATEGIES 5 hours ago · Private equity firms Blackstone and Carlyle Group are scaling back their investments in Latin America as the region continues to wrestle with economic volatility brought on by the pandemic, according to a Bloomberg report.. The Carlyle Group, which manages roughly $260bn in assets, will no longer raise funds for new strategies focused solely on Latin America and instead direct

investors

HOW BREAKAWAY ADVISORS CAN AVOID BEING SUED BY THEIR 2 hours ago · Advisors could find themselves on the losing end of a court battle with former employers or regulators if they don’t take appropriate steps before going independent, our legal columnist Rebecca Leon of Baker McKenzie writes Thinking about leaving your firm can be an exciting decision, but such a REVEALED: THE INSIDE STORY OF INSIGNEO’S DISPUTE WITH ITS 1 day ago · It’s been an interesting few days over at Insigneo. Last week the firm put its CEO Daniel de Ontañon on administrative leave over a compensation dispute. Citywire Americas can now reveal what’s really going on behind the scenes at the Miami-based independent broker-dealer, what led to this surprising decision, and what’s at stake.. In an official statement, the company said that

its

PRIME NUMBERS: FOR CAR BATTERY PRICES, THE ONLY WAY IS It’s not going to be long before electric cars are as affordable as petrol or diesel models. The hot money says that this will happen by around 2025. As this week’s Citywire Prime Numbers graphic shows, prices for the lithium-ion battery packs that power electric cars are

falling rapidly. It

WELLS FARGO COULD MISS DEADLINE TO CLOSE INT'L BIZ WITH 4 hours ago · Wells Fargo’s closure of its international wealth management unit has been progressing at a steady pace with over half of its advisors having left for other groups in recent months. However, concerns are rising that the wirehouse’s advisors will not be able to migrate their international client JANUS HENDERSON EXPANDS MEXICO FOOTPRINT WITH DISTRIBUTION 5 hours ago · Janus Henderson has signed a distribution agreement with third-party marketer Excel Capital to offer its mutual funds to investors in Mexico. The $405bn asset manager is aiming to expand its footprint in the country through its partnership with Excel, which already distributes the Janus Henderson’s funds in the Andean region.. Chile-headquartered Excel recently opened an office in 'THEY’VE BEEN EXPLORING': WHY OFFSHORE ADVISORS HAVE BEEN The independence business model is winning over increasingly more advocates in the offshore wealth world, especially as the industry’s biggest players continue cutting their international coverage Financial advisors are choosing to go down the $7BN BAILLIE GIFFORD MANAGER EXITS FOR BOUTIQUE 4 hours ago · The co-manager of one of the top-performing Asia funds over the past three years has quit Baillie Gifford to join boutique group Crux Asset Management, Citywire Americas’ sister site Citywire Wealth Manager reports. Citywire AAA-rated Ewan Markson-Brown, who runs the Baillie Gifford Pacific fund alongside AAA-rated Roderick Snell, will join UK asset management boutique Crux in September MIAMI RIA TARGETS LATAM WITH NEW ADVISOR RECRUIT 1 day ago · Miami RIA firm Vizaya Capital has hired a Latin American-focused advisor from Indosuez Wealth Management. Eytan Starkman joined the firm in late March after having spent more than four years at the Crédit Agricole subsidiary in Miami, which was recently acquired by Santander, where he was most recently as a senior relationship manager, according to his LinkedIn profile. BRAZIL'S XP LAUNCHES MIAMI-BASED INDEPENDENT ADVISOR The new business will be headed by Bastos and focus on adding Brazil-focused advisors with a client book size of at least $500,000 in assets. Bastos added that his firm was already in talks with a number of advisors to join its new platform, including a $300m team FUND MANAGER DATA, NEWS & ANALYSIS BY CITYWIRENEWSFUND MANAGERS & FUNDSEVENTSMAGAZINESCOOKIESRATED FUND MANAGERS Citywire Americas. The Citywire magazine is designed and written exclusively for the US offshore and Latin American investment communities, bringing the latest news and views about global fund management to this audience. Register. ACCUSATIONS FLY AS XP AND EX-WEALTH SHOP PARTNER EACH Accusations fly as XP and ex-wealth shop partner each claim contract violations. Brazil’s XP has told one of its wealth manager partners Acqua-Vero Investimentos it owes 139.4m reais ($26m) in damages for allegedly breaching its contract to leave its independent advisor

network and

WEALTH SHOP HIRES TOP CITI INVESTMENT ADVISOR AFTER CHILE Uruguayan wealth management firm Criteria has added another new recruit to its recently-launched office in Santiago, Chile. Oscar Niño de Zepeda (pictured) has joined Criteria as director of investment strategy for its Chilean advisory office. He previously FUND FLASH: GMO LAUNCHES MARKET BUBBLE FUND, SCHRODERS Citywire Americas rounds up the biggest news in the funds and Ucits investment universe as reported by Citywire’s global publications. Fund house Grantham, Mayo, Van Otterloo & Co (GMO) has launched a Ucits-compliant version of its market dislocation fund, which seeks to capitalize on market bubbles through a long/short approach, Citywire

Selector reports.

MATTHEWS ASIA SIGNS LATAM DISTRIBUTION DEAL WITH PICTON San Francisco-based asset manager Matthews Asia has struck a fund distribution deal with third-party marketer Picton to market the firm’s strategies to investors in Latin America. INSIGNEO HIRES JPM AND WELLS VETS TO LEAD NEW NYC OFFICE She has also previously worked at Chase Investment Services and Bear Stearns, per her BrokerCheck profile. ‘Our Miami origin makes our current mix of end-clients predominantly Latin American and US, but we work with many advisors serving RAYMOND JAMES ADDS $700M WELLS ADVISORS IN MIAMI Earlier this month, Raymond James also hired a $140m Miami-based advisor from Wells Fargo catering to mainly Argentine and Colombian clients. In March, the firm added a $200m duo similarly covering clients in Latin America.. Raymond James has been one of most active firms actively recruiting Wells Fargo’s departing international advisors alongside Morgan Stanley. CITI PB APPOINTS GLOBAL HEAD OF THIRD-PARTY FUND SALES Citi Private Bank has named Ever Zambrano as the global head of sales for its investment management unit’s third-party fund business. Zambrano (pictured) will begin his new role within Citi Investment Management (CIM) on March 8 and will report to Jonathan Leach, CIM’s global head of investment and client solutions, according to an internal memo seen by Citywire Americas. BRAZIL'S XP LAUNCHES MIAMI-BASED INDEPENDENT ADVISOR The new business will be headed by Bastos and focus on adding Brazil-focused advisors with a client book size of at least $500,000 in assets. Bastos added that his firm was already in talks with a number of advisors to join its new platform, including a $300m team MIAMI BROKER-DEALER BOOSTS BRAZIL BIZ WITH DOUBLE Miami-based broker-dealer firm Avenue Securities has expanded its business in Brazil after acquiring a foreign exchange and a securities

brokerage firm in a

FUND MANAGER DATA, NEWS & ANALYSIS BY CITYWIRENEWSFUND MANAGERS & FUNDSEVENTSMAGAZINESCOOKIESRATED FUND MANAGERS Citywire Americas. The Citywire magazine is designed and written exclusively for the US offshore and Latin American investment communities, bringing the latest news and views about global fund management to this audience. Register. ACCUSATIONS FLY AS XP AND EX-WEALTH SHOP PARTNER EACH Accusations fly as XP and ex-wealth shop partner each claim contract violations. Brazil’s XP has told one of its wealth manager partners Acqua-Vero Investimentos it owes 139.4m reais ($26m) in damages for allegedly breaching its contract to leave its independent advisor

network and

WEALTH SHOP HIRES TOP CITI INVESTMENT ADVISOR AFTER CHILE Uruguayan wealth management firm Criteria has added another new recruit to its recently-launched office in Santiago, Chile. Oscar Niño de Zepeda (pictured) has joined Criteria as director of investment strategy for its Chilean advisory office. He previously FUND FLASH: GMO LAUNCHES MARKET BUBBLE FUND, SCHRODERS Citywire Americas rounds up the biggest news in the funds and Ucits investment universe as reported by Citywire’s global publications. Fund house Grantham, Mayo, Van Otterloo & Co (GMO) has launched a Ucits-compliant version of its market dislocation fund, which seeks to capitalize on market bubbles through a long/short approach, Citywire

Selector reports.

MATTHEWS ASIA SIGNS LATAM DISTRIBUTION DEAL WITH PICTON San Francisco-based asset manager Matthews Asia has struck a fund distribution deal with third-party marketer Picton to market the firm’s strategies to investors in Latin America. INSIGNEO HIRES JPM AND WELLS VETS TO LEAD NEW NYC OFFICE She has also previously worked at Chase Investment Services and Bear Stearns, per her BrokerCheck profile. ‘Our Miami origin makes our current mix of end-clients predominantly Latin American and US, but we work with many advisors serving RAYMOND JAMES ADDS $700M WELLS ADVISORS IN MIAMI Earlier this month, Raymond James also hired a $140m Miami-based advisor from Wells Fargo catering to mainly Argentine and Colombian clients. In March, the firm added a $200m duo similarly covering clients in Latin America.. Raymond James has been one of most active firms actively recruiting Wells Fargo’s departing international advisors alongside Morgan Stanley. CITI PB APPOINTS GLOBAL HEAD OF THIRD-PARTY FUND SALES Citi Private Bank has named Ever Zambrano as the global head of sales for its investment management unit’s third-party fund business. Zambrano (pictured) will begin his new role within Citi Investment Management (CIM) on March 8 and will report to Jonathan Leach, CIM’s global head of investment and client solutions, according to an internal memo seen by Citywire Americas. BRAZIL'S XP LAUNCHES MIAMI-BASED INDEPENDENT ADVISOR The new business will be headed by Bastos and focus on adding Brazil-focused advisors with a client book size of at least $500,000 in assets. Bastos added that his firm was already in talks with a number of advisors to join its new platform, including a $300m team MIAMI BROKER-DEALER BOOSTS BRAZIL BIZ WITH DOUBLE Miami-based broker-dealer firm Avenue Securities has expanded its business in Brazil after acquiring a foreign exchange and a securities

brokerage firm in a

FUND FLASH: LAZARD LIQUIDATES A-RATED PM'S FUND, SCHRODERS 22 hours ago · Citywire Americas rounds up the biggest news in the funds and Ucits investment universe as reported by Citywire’s global publications. Lazard Freres Gestion has liquidated a financial debt fund overseen by A-rated fund manager François Lavier after assets dropped below a workable level, Citywire Selector reports.. A spokesperson for Lazard confirmed the closure to Citywire Selector

adding

PERSHING PREPS ONE-STOP MANAGED ACCOUNTS PLATFORM FOR 23 hours ago · Pershing is preparing to launch a multi-custodial managed accounts solution that will allow its US and Latin American advisor clients to oversee their advisory business from one platform. The BNY Mellon-owned clearing firm’s Managed Accounts Central will enable the management of $250M WELLS MIAMI ADVISOR JOINS MORGAN STANLEY Morgan Stanley has scooped up another Latin American-focused advisor from Wells Fargo in Miami. Julio Guemes made the move between the two wirehouses on May 21 after having spent more than 14 years working at Wells Fargo’s offices in Miami, XP TO LAUNCH NEW OFFSHORE WEALTH HUB IN CAYMAN ISLANDS 23 hours ago · Brazilian digital bank and brokerage firm XP has received approval from its country’s central bank to establish a branch in the Cayman Islands, local media outlet Valor Investe reported on Monday.. The new unit will help service the firm’s international wealth management clients while working alongside its brokerage business in Miami and was developed under its global wealth

head Beny

CITI KICKSTARTS ADVISOR RECRUITMENT PUSH FOR GLOBAL WEALTH 1 day ago · Citi has started hiring financial advisors to expand its global wealth management business. The bank is reportedly looking to structure its advisory unit so that it focuses more on the fee-based model, according to a Bloomberg article published on Friday covering comments made by Citi CEO Jane Fraser during a web conference.. This approach is part of an overall trend within the wealth YOU'RE HIRED! THE 10 BIGGEST ADVISOR MOVES IN MAY Alex. Brown bags $600m Miami team. Alex. Brown hit headlines last month when it revealed it had added a pair of Latin American-focused advisors from Wells Fargo to its Coral Gables office. ITAÚ PRIVATE BANK HIRES JPM VET IN MIAMI, BOOSTS INT'L 22 hours ago · Itaú Private Bank has bolstered its team of international private wealth managers with new hires for its businesses in Miami, US and Zurich, Switzerland from JP Morgan, XP and Banque Heritage. In Miami, the Brazilian group has hired 17-year industry veteran Carlos Chamon as a senior private banker SEC CHARGES MIAMI AREA ADVISOR OF $1.9M FRAUD THAT FUELED A Coral Gables-based RIA and its owner have had their assets frozen after the Securities and Exchange Commission (SEC) accused them of raising almost $1.9m for a fraudulent scheme which was then used to fund the owner’s lavish lifestyle. ETFS UNCOVERED: WHY YOUR TECH INDEX MIGHT BE FAANG-LESS ETFs uncovered: Why your tech index might be FAANG-less. By Nisha Long 23 Jun, 2020. Any mention of tech stocks instantly brings about thoughts of the FAANG family (Facebook, Apple, Amazon, Netflix and Google). These giants fuelled much of the S&P 500’s growth in recent years and emerged as the winners after the pandemic-led March market THE BIGGEST AND BEST US HIGH YIELD PMS REVEALED On a total returns basis Susser is leading the pack, his Candriam GF US High Yield Corporate Bonds fund topping the ranking of best

performing funds

FUND MANAGER DATA, NEWS & ANALYSIS BY CITYWIRENEWSFUND MANAGERS & FUNDSEVENTSMAGAZINESCOOKIESRATED FUND MANAGERS Citywire Americas. The Citywire magazine is designed and written exclusively for the US offshore and Latin American investment communities, bringing the latest news and views about global fund management to this audience. Register. ACCUSATIONS FLY AS XP AND EX-WEALTH SHOP PARTNER EACH Accusations fly as XP and ex-wealth shop partner each claim contract violations. Brazil’s XP has told one of its wealth manager partners Acqua-Vero Investimentos it owes 139.4m reais ($26m) in damages for allegedly breaching its contract to leave its independent advisor

network and

WEALTH SHOP HIRES TOP CITI INVESTMENT ADVISOR AFTER CHILE Uruguayan wealth management firm Criteria has added another new recruit to its recently-launched office in Santiago, Chile. Oscar Niño de Zepeda (pictured) has joined Criteria as director of investment strategy for its Chilean advisory office. He previously FUND FLASH: GMO LAUNCHES MARKET BUBBLE FUND, SCHRODERS Citywire Americas rounds up the biggest news in the funds and Ucits investment universe as reported by Citywire’s global publications. Fund house Grantham, Mayo, Van Otterloo & Co (GMO) has launched a Ucits-compliant version of its market dislocation fund, which seeks to capitalize on market bubbles through a long/short approach, Citywire

Selector reports.

MATTHEWS ASIA SIGNS LATAM DISTRIBUTION DEAL WITH PICTON San Francisco-based asset manager Matthews Asia has struck a fund distribution deal with third-party marketer Picton to market the firm’s strategies to investors in Latin America. INSIGNEO HIRES JPM AND WELLS VETS TO LEAD NEW NYC OFFICE She has also previously worked at Chase Investment Services and Bear Stearns, per her BrokerCheck profile. ‘Our Miami origin makes our current mix of end-clients predominantly Latin American and US, but we work with many advisors serving RAYMOND JAMES ADDS $700M WELLS ADVISORS IN MIAMI Earlier this month, Raymond James also hired a $140m Miami-based advisor from Wells Fargo catering to mainly Argentine and Colombian clients. In March, the firm added a $200m duo similarly covering clients in Latin America.. Raymond James has been one of most active firms actively recruiting Wells Fargo’s departing international advisors alongside Morgan Stanley. CITI PB APPOINTS GLOBAL HEAD OF THIRD-PARTY FUND SALES Citi Private Bank has named Ever Zambrano as the global head of sales for its investment management unit’s third-party fund business. Zambrano (pictured) will begin his new role within Citi Investment Management (CIM) on March 8 and will report to Jonathan Leach, CIM’s global head of investment and client solutions, according to an internal memo seen by Citywire Americas. BRAZIL'S XP LAUNCHES MIAMI-BASED INDEPENDENT ADVISOR The new business will be headed by Bastos and focus on adding Brazil-focused advisors with a client book size of at least $500,000 in assets. Bastos added that his firm was already in talks with a number of advisors to join its new platform, including a $300m team MIAMI BROKER-DEALER BOOSTS BRAZIL BIZ WITH DOUBLE Miami-based broker-dealer firm Avenue Securities has expanded its business in Brazil after acquiring a foreign exchange and a securities

brokerage firm in a

FUND MANAGER DATA, NEWS & ANALYSIS BY CITYWIRENEWSFUND MANAGERS & FUNDSEVENTSMAGAZINESCOOKIESRATED FUND MANAGERS Citywire Americas. The Citywire magazine is designed and written exclusively for the US offshore and Latin American investment communities, bringing the latest news and views about global fund management to this audience. Register. ACCUSATIONS FLY AS XP AND EX-WEALTH SHOP PARTNER EACH Accusations fly as XP and ex-wealth shop partner each claim contract violations. Brazil’s XP has told one of its wealth manager partners Acqua-Vero Investimentos it owes 139.4m reais ($26m) in damages for allegedly breaching its contract to leave its independent advisor

network and

WEALTH SHOP HIRES TOP CITI INVESTMENT ADVISOR AFTER CHILE Uruguayan wealth management firm Criteria has added another new recruit to its recently-launched office in Santiago, Chile. Oscar Niño de Zepeda (pictured) has joined Criteria as director of investment strategy for its Chilean advisory office. He previously FUND FLASH: GMO LAUNCHES MARKET BUBBLE FUND, SCHRODERS Citywire Americas rounds up the biggest news in the funds and Ucits investment universe as reported by Citywire’s global publications. Fund house Grantham, Mayo, Van Otterloo & Co (GMO) has launched a Ucits-compliant version of its market dislocation fund, which seeks to capitalize on market bubbles through a long/short approach, Citywire

Selector reports.

MATTHEWS ASIA SIGNS LATAM DISTRIBUTION DEAL WITH PICTON San Francisco-based asset manager Matthews Asia has struck a fund distribution deal with third-party marketer Picton to market the firm’s strategies to investors in Latin America. INSIGNEO HIRES JPM AND WELLS VETS TO LEAD NEW NYC OFFICE She has also previously worked at Chase Investment Services and Bear Stearns, per her BrokerCheck profile. ‘Our Miami origin makes our current mix of end-clients predominantly Latin American and US, but we work with many advisors serving RAYMOND JAMES ADDS $700M WELLS ADVISORS IN MIAMI Earlier this month, Raymond James also hired a $140m Miami-based advisor from Wells Fargo catering to mainly Argentine and Colombian clients. In March, the firm added a $200m duo similarly covering clients in Latin America.. Raymond James has been one of most active firms actively recruiting Wells Fargo’s departing international advisors alongside Morgan Stanley. CITI PB APPOINTS GLOBAL HEAD OF THIRD-PARTY FUND SALES Citi Private Bank has named Ever Zambrano as the global head of sales for its investment management unit’s third-party fund business. Zambrano (pictured) will begin his new role within Citi Investment Management (CIM) on March 8 and will report to Jonathan Leach, CIM’s global head of investment and client solutions, according to an internal memo seen by Citywire Americas. BRAZIL'S XP LAUNCHES MIAMI-BASED INDEPENDENT ADVISOR The new business will be headed by Bastos and focus on adding Brazil-focused advisors with a client book size of at least $500,000 in assets. Bastos added that his firm was already in talks with a number of advisors to join its new platform, including a $300m team MIAMI BROKER-DEALER BOOSTS BRAZIL BIZ WITH DOUBLE Miami-based broker-dealer firm Avenue Securities has expanded its business in Brazil after acquiring a foreign exchange and a securities

brokerage firm in a

FUND FLASH: LAZARD LIQUIDATES A-RATED PM'S FUND, SCHRODERS 14 hours ago · Citywire Americas rounds up the biggest news in the funds and Ucits investment universe as reported by Citywire’s global publications. Lazard Freres Gestion has liquidated a financial debt fund overseen by A-rated fund manager François Lavier after assets dropped below a workable level, Citywire Selector reports.. A spokesperson for Lazard confirmed the closure to Citywire Selector

adding

PERSHING PREPS ONE-STOP MANAGED ACCOUNTS PLATFORM FOR 15 hours ago · Pershing is preparing to launch a multi-custodial managed accounts solution that will allow its US and Latin American advisor clients to oversee their advisory business from one platform. The BNY Mellon-owned clearing firm’s Managed Accounts Central will enable the management of $250M WELLS MIAMI ADVISOR JOINS MORGAN STANLEY Morgan Stanley has scooped up another Latin American-focused advisor from Wells Fargo in Miami. Julio Guemes made the move between the two wirehouses on May 21 after having spent more than 14 years working at Wells Fargo’s offices in Miami, XP TO LAUNCH NEW OFFSHORE WEALTH HUB IN CAYMAN ISLANDS 15 hours ago · Brazilian digital bank and brokerage firm XP has received approval from its country’s central bank to establish a branch in the Cayman Islands, local media outlet Valor Investe reported on Monday.. The new unit will help service the firm’s international wealth management clients while working alongside its brokerage business in Miami and was developed under its global wealth

head Beny

CITI KICKSTARTS ADVISOR RECRUITMENT PUSH FOR GLOBAL WEALTH 1 day ago · Citi has started hiring financial advisors to expand its global wealth management business. The bank is reportedly looking to structure its advisory unit so that it focuses more on the fee-based model, according to a Bloomberg article published on Friday covering comments made by Citi CEO Jane Fraser during a web conference.. This approach is part of an overall trend within the wealth YOU'RE HIRED! THE 10 BIGGEST ADVISOR MOVES IN MAY Alex. Brown bags $600m Miami team. Alex. Brown hit headlines last month when it revealed it had added a pair of Latin American-focused advisors from Wells Fargo to its Coral Gables office. ITAÚ PRIVATE BANK HIRES JPM VET IN MIAMI, BOOSTS INT'L 14 hours ago · Itaú Private Bank has bolstered its team of international private wealth managers with new hires for its businesses in Miami, US and Zurich, Switzerland from JP Morgan, XP and Banque Heritage. In Miami, the Brazilian group has hired 17-year industry veteran Carlos Chamon as a senior private banker SEC CHARGES MIAMI AREA ADVISOR OF $1.9M FRAUD THAT FUELED A Coral Gables-based RIA and its owner have had their assets frozen after the Securities and Exchange Commission (SEC) accused them of raising almost $1.9m for a fraudulent scheme which was then used to fund the owner’s lavish lifestyle. ETFS UNCOVERED: WHY YOUR TECH INDEX MIGHT BE FAANG-LESS ETFs uncovered: Why your tech index might be FAANG-less. By Nisha Long 23 Jun, 2020. Any mention of tech stocks instantly brings about thoughts of the FAANG family (Facebook, Apple, Amazon, Netflix and Google). These giants fuelled much of the S&P 500’s growth in recent years and emerged as the winners after the pandemic-led March market THE BIGGEST AND BEST US HIGH YIELD PMS REVEALED On a total returns basis Susser is leading the pack, his Candriam GF US High Yield Corporate Bonds fund topping the ranking of best

performing funds

FUND MANAGER DATA, NEWS & ANALYSIS BY CITYWIRENEWSFUND MANAGERS & FUNDSEVENTSMAGAZINESCOOKIESRATED FUND MANAGERS Citywire Americas. The Citywire magazine is designed and written exclusively for the US offshore and Latin American investment communities, bringing the latest news and views about global fund management to this audience. Register. FUND MANAGER DATA, NEWS & ANALYSIS BY CITYWIRE Five bond managers to watch in global corporates. ‘There is a new bar’: Gatekeepers' need for speed puts pressure on PMs. ‘Sometimes you just throw it on mute’: Gatekeepers' biggest gripes with PM virtual calls. The peculiar world of Nigeria's oil-driven wealth industry. Morabanc selection chief: ACCUSATIONS FLY AS XP AND EX-WEALTH SHOP PARTNER EACH Accusations fly as XP and ex-wealth shop partner each claim contract violations. Brazil’s XP has told one of its wealth manager partners Acqua-Vero Investimentos it owes 139.4m reais ($26m) in damages for allegedly breaching its contract to leave its independent advisor

network and

RAYMOND JAMES ADDS $700M WELLS ADVISORS IN MIAMI Earlier this month, Raymond James also hired a $140m Miami-based advisor from Wells Fargo catering to mainly Argentine and Colombian clients. In March, the firm added a $200m duo similarly covering clients in Latin America.. Raymond James has been one of most active firms actively recruiting Wells Fargo’s departing international advisors alongside Morgan Stanley. MATTHEWS ASIA SIGNS LATAM DISTRIBUTION DEAL WITH PICTON San Francisco-based asset manager Matthews Asia has struck a fund distribution deal with third-party marketer Picton to market the firm’s strategies to investors in Latin America. BRAZIL'S XP LAUNCHES MIAMI-BASED INDEPENDENT ADVISOR The new business will be headed by Bastos and focus on adding Brazil-focused advisors with a client book size of at least $500,000 in assets. Bastos added that his firm was already in talks with a number of advisors to join its new platform, including a $300m team SEC CHARGES MIAMI AREA ADVISOR OF $1.9M FRAUD THAT FUELED A Coral Gables-based RIA and its owner have had their assets frozen after the Securities and Exchange Commission (SEC) accused them of raising almost $1.9m for a fraudulent scheme which was then used to fund the owner’s lavish lifestyle. MIAMI BROKER-DEALER BOOSTS BRAZIL BIZ WITH DOUBLE Miami-based broker-dealer firm Avenue Securities has expanded its business in Brazil after acquiring a foreign exchange and a securities

brokerage firm in a

CITI LURES BACK MIAMI ADVISOR FROM INSIGNEO GROUP Medrano told Citywire Americas that they plan to hire seasoned advisors this year to join the R Group team and that they wish Amador-Mendez the best in the next stage of his career.. Jose Rodriguez and Medrano broke away from Citi to join the Insigneo network in January and March 2018 respectively, with Minerva Rodriguez following them in June 2019 and joining their recently formed R XP TO APPOINT HEAD OF PRIVATE WEALTH MANAGEMENT IN MIAMIXP INVESTIMENTO ESTA COMO PROBLEMASXP INVESTIMENTOS BRASILXP INVESTIMENTOS CONTATOXP INVESTIMENTOS CORRETORAXP INVESTIMENTOS ENTRARXP INVESTIMENTOS USA XP Investimentos is appointing a new leader for its Miami-based private wealth management business. The Brazilian firm is set to announce Rodolfo Bastos as the new head of private wealth management for its US-based unit XP Securities, according to sources familiar

with the matter.

FUND MANAGER DATA, NEWS & ANALYSIS BY CITYWIRENEWSFUND MANAGERS & FUNDSEVENTSMAGAZINESCOOKIESRATED FUND MANAGERS Citywire Americas. The Citywire magazine is designed and written exclusively for the US offshore and Latin American investment communities, bringing the latest news and views about global fund management to this audience. Register. FUND MANAGER DATA, NEWS & ANALYSIS BY CITYWIRE Five bond managers to watch in global corporates. ‘There is a new bar’: Gatekeepers' need for speed puts pressure on PMs. ‘Sometimes you just throw it on mute’: Gatekeepers' biggest gripes with PM virtual calls. The peculiar world of Nigeria's oil-driven wealth industry. Morabanc selection chief: ACCUSATIONS FLY AS XP AND EX-WEALTH SHOP PARTNER EACH Accusations fly as XP and ex-wealth shop partner each claim contract violations. Brazil’s XP has told one of its wealth manager partners Acqua-Vero Investimentos it owes 139.4m reais ($26m) in damages for allegedly breaching its contract to leave its independent advisor

network and

RAYMOND JAMES ADDS $700M WELLS ADVISORS IN MIAMI Earlier this month, Raymond James also hired a $140m Miami-based advisor from Wells Fargo catering to mainly Argentine and Colombian clients. In March, the firm added a $200m duo similarly covering clients in Latin America.. Raymond James has been one of most active firms actively recruiting Wells Fargo’s departing international advisors alongside Morgan Stanley. MATTHEWS ASIA SIGNS LATAM DISTRIBUTION DEAL WITH PICTON San Francisco-based asset manager Matthews Asia has struck a fund distribution deal with third-party marketer Picton to market the firm’s strategies to investors in Latin America. BRAZIL'S XP LAUNCHES MIAMI-BASED INDEPENDENT ADVISOR The new business will be headed by Bastos and focus on adding Brazil-focused advisors with a client book size of at least $500,000 in assets. Bastos added that his firm was already in talks with a number of advisors to join its new platform, including a $300m team SEC CHARGES MIAMI AREA ADVISOR OF $1.9M FRAUD THAT FUELED A Coral Gables-based RIA and its owner have had their assets frozen after the Securities and Exchange Commission (SEC) accused them of raising almost $1.9m for a fraudulent scheme which was then used to fund the owner’s lavish lifestyle. MIAMI BROKER-DEALER BOOSTS BRAZIL BIZ WITH DOUBLE Miami-based broker-dealer firm Avenue Securities has expanded its business in Brazil after acquiring a foreign exchange and a securities

brokerage firm in a

CITI LURES BACK MIAMI ADVISOR FROM INSIGNEO GROUP Medrano told Citywire Americas that they plan to hire seasoned advisors this year to join the R Group team and that they wish Amador-Mendez the best in the next stage of his career.. Jose Rodriguez and Medrano broke away from Citi to join the Insigneo network in January and March 2018 respectively, with Minerva Rodriguez following them in June 2019 and joining their recently formed R XP TO APPOINT HEAD OF PRIVATE WEALTH MANAGEMENT IN MIAMIXP INVESTIMENTO ESTA COMO PROBLEMASXP INVESTIMENTOS BRASILXP INVESTIMENTOS CONTATOXP INVESTIMENTOS CORRETORAXP INVESTIMENTOS ENTRARXP INVESTIMENTOS USA XP Investimentos is appointing a new leader for its Miami-based private wealth management business. The Brazilian firm is set to announce Rodolfo Bastos as the new head of private wealth management for its US-based unit XP Securities, according to sources familiar

with the matter.

FUND MANAGER DATA, NEWS & ANALYSIS BY CITYWIRE Five bond managers to watch in global corporates. ‘There is a new bar’: Gatekeepers' need for speed puts pressure on PMs. ‘Sometimes you just throw it on mute’: Gatekeepers' biggest gripes with PM virtual calls. The peculiar world of Nigeria's oil-driven wealth industry. Morabanc selection chief: CHART OF THE WEEK: WHAT THE VACCINE ROLLOUT MEANS FOR P/E The race to be the major provider of Covid-19 vaccines has done wonders for the successful companies’ share prices, but which are providing the greatest bang for an investor’s buck? Dr. Nisha Long takes a closer look. Since the onset of the Covid CITI KICKSTARTS ADVISOR RECRUITMENT PUSH FOR GLOBAL WEALTH 15 hours ago · Citi has started hiring financial advisors to expand its global wealth management business. The bank is reportedly looking to structure its advisory unit so that it focuses more on the fee-based model, according to a Bloomberg article published on Friday covering comments made by Citi CEO Jane Fraser during a web conference.. This approach is part of an overall trend within the

wealth

$250M WELLS MIAMI ADVISOR JOINS MORGAN STANLEY Morgan Stanley has scooped up another Latin American-focused advisor from Wells Fargo in Miami. Julio Guemes made the move between the two wirehouses on May 21 after having spent more than 14 years working at Wells Fargo’s offices in Miami, ‘YOU’RE GOING TO HAVE DIFFICULT CONVERSATIONS’: 4 ADVISORS 17 hours ago · Four international advisors share their experience of going independent and the biggest challenges they faced ridding themselves of their wirehouse shackles. The idea of going independent holds an undeniable appeal. Advisors can stop taking orders from FUND FLASH: MANULIFE EMD MANAGER PROMOTED TO HEAD $46BN 15 hours ago · Citywire Americas rounds up the biggest news in the funds and Ucits investment universe as reported by Citywire’s global publications. Manulife Asset Management has handed Citywire A-rated manager Endre Pedersen the newly created role of chief investment officer for global emerging market fixed income as it seeks to solidify its position in this competitive market, Citywire Selector

reports.

YOU'RE HIRED! THE 10 BIGGEST ADVISOR MOVES IN MAY Alex. Brown bags $600m Miami team. Alex. Brown hit headlines last month when it revealed it had added a pair of Latin American-focused advisors from Wells Fargo to its Coral Gables office. RATINGS RADAR SHOW: HOW TO GO BIG ON BIOTECH The biotech sector has had a big year as the chase to find vaccines and curative drugs for coronavirus paid off for all of us. But, as Nisha Long says, you have to find fund managers who know what they are doing. In this sector, a relevant PhD could be as $17BN SWISS GROUP REYL ENTERS LATAM AFTER PRIVATE BANKING The Swiss wealth and asset manager Reyl has expanded its footprint to Latin America after joining forces with Italian group Intesa Sanpaolo’s private banking division. In a joint statement on Wednesday, the firms announced the merger between Fideuram - ETFS UNCOVERED: WHY YOUR TECH INDEX MIGHT BE FAANG-LESS ETFs uncovered: Why your tech index might be FAANG-less. By Nisha Long 23 Jun, 2020. Any mention of tech stocks instantly brings about thoughts of the FAANG family (Facebook, Apple, Amazon, Netflix and Google). These giants fuelled much of the S&P 500’s growth in recent years and emerged as the winners after the pandemic-led March market Request unsuccessful. Incapsula incident ID: 144000350149131050-57901437674326208