Felipe Rojas, the only Latino in Citywire’s global list of top 1000 ranking mutual fund managers, has made the decision to quit managing his fund, a step which he will take within a month, as he personally explained to Funds Society.
Within approximately thirty days the star manager will step down from the administration of the investment fund “Cruz del Sur Fondo de Inversión Deuda Latam” and will devote his time to advising and to the practice of outdoor sports, another of his passions.
Rojas, who explained that the decision comes after Southern Cross was acquired by Security, a Chilean group, said that just as in many other acquisitions, the new owners have changed some practices, which in this case also included changes to analysis and fund management. At this point, Rojas concluded that it was best to continue their separate ways.
Nevertheless, he admits he is open to consider “alternatives to be able to contribute to asset management”, so surely we'll soon see him back in the world of management.