Baring Asset Management (Barings), the international investment management firm, and Picton announced that they have entered into a distribution agreement, effective June 2015. Picton will promote Barings to position the firm's investment products and services within the pension funds industry in Chile.
Angus Woolhouse, global head of distribution at Barings said: "We are excited to work with Picton to promote our global investment capabilities in the Chilean pension funds industry. Barings manages money for some of the world's largest global pension plans, and working with pension plans in Chile is a natural extension of our business."
"Picton is proud to partner with Barings, a firm with a long and successful history in the global asset management industry," said Matias Eguiguren, founding partner, Picton."We look forward to a strong relationship driven by Barings' investment capabilities and our broad and deep knowledge of the pension funds industry in Chile."
Picton will provide due diligence, product information and analysis to pension funds and serve as a liaison point between them and Barings' sales team. Barings has a strong track record of doing business in Latin America stretching back to the 19th century and has US$39.7 billion in assets under management as at 30 June 2015.