Foto: Global Panorama . SURA Investment Management, mejor operadora de deuda en 2015
La gestora de fondos SURA Investment Management México ha sido distinguida con el reconocimiento a la “Mejor Operadora de Deuda”, en la edición 2015 de los Premios Morningstar México.
Luis Ortiz, director general de SURA Investment Management y responsable de los negocios de seguros y pensiones de la compañía en el país, declaró que “el equipo se encuentra altamente comprometido con los inversionistas mexicanos a través de la innovación, las mejores prácticas, productos y servicios de la más alta calidad”.
Estos premios reconocen a aquellos fondos y grupos de fondos que han añadido mayor valor para los inversores en el último año y en períodos de mayor plazo. Los Premios Morningstar ayudan a los inversores a identificar los fondos y gestoras de fondos excepcionales del país durante el año. Respecto a la categoría “Mejor Operadora de Deuda”, son candidatas a participar aquellas operadoras con al menos 3 fondos de deuda domiciliados en México que cuenten con Estrellas Morningstar.
Thomson Reuters has announced the winners of the Lipper Fund Awards 2015, UK. The Lipper Fund Awards are part of the Thomson Reuters Awards for Excellence, a global family of awards that celebrate exceptional performance throughout the professional investment community.
Invesco collected the top Group Award; Robeco also got an Award. The full list of Group Award winners include:
“This year as in years past, the Lipper Fund Awards winners have exhibited a high level of skill and talent in navigating the ever complex and interconnected markets of today. We at Lipper congratulate the 2015 Award winners for their demonstrated expertise and for delivering outperformance to their collective fund shareholders,” said Robert Jenkins, global head of Lipper Research at Thomson Reuters.
“As active fund houses come under greater competitive pressures in the UK, these Lipper Award winners are beacons among their peers in delivering consistent risk-adjusted returns in difficult markets. They fully deserve this accolade,” said Jake Moeller, head of Lipper UKI research.
Lipper data covers more than 285,000 share classes and over 129,000 funds in 62 markets. It provides the free Lipper Leader ratings for mutual funds registered for sale in over 40 countries.
In a report released yesterday entitled Brazilian Public Versus Private Companies: Current State of Affairs, S&P Capital IQ concludes that while Brazil’s publicly traded companies provide a better return on their assets in a majority of industries, privately owned companies generally do better at generating sales off their asset base. «Most privately owned companies use assets to drive sales more efficiently, but are not as good at managing costs» said Jay Bhankharia, Senior Manager, S&P Capital IQ, and author of the report. «We believe this implies that strategic guidance and increased oversight can potentially increase margins and profitability substantially for some of these companies.»
«Brazil and Latin America continue to offer attractive investment opportunities, as reflected in record breaking regional private equity fund raising and increased merger volumes in Brazil» said Cynthia Rojas Sejas, Vice President, Market Development-Latin America, S&P Capital IQ.
S&P Capital IQ looks at the performance of companies in various sectors of the Brazilian economy, while providing insight into the differences between the profiles of Privately Owned and Publicly Traded companies. This report compares public and private companies’ ratios of profitability, efficiency, solvency, and liquidity, leveraging the recent addition of Brazilian Private Company Financials to its comprehensive database of standardized and comparable data for public and private companies globally.
Brazilian Public Versus Private Companies: Current State of Affairslooks at a statistical sample consisting of 93 companies with more than $1 billion in revenue, 637 with $100 million to $1 billion in revenue, and 1,862 companies with less than $100 million in revenue. In addition to key valuation and credit metrics, the report takes a look at specific ratios within the banking and energy sectors to better understand key metrics in those industries.
S&P Capital IQ‘s Brazil research is the topic of an upcoming investment seminar entitled «Brazil: Uncovering Potential Opportunities» that will feature Macroeconomist Bernardo Wjuniski from Medley Global Advisors, and Jay Bhankharia and Richard Peterson from S&P Capital IQ.
CC-BY-SA-2.0, FlickrFoto: Arturo Rinaldi Villegas. Guillermo Tagle Quiroz asume la presidencia de IM Trust-Credicorp Capital en Chile
Guillermo Tagle Quiroz asume la presidencia de IM Trust-Credicorp Capital Chile y se incorpora al Comité Ejecutivo de la matriz, Credicorp Capital, que dirige las actividades y negocios de Banca de Inversión en Perú, Colombia y Chile. Tagle será el principal responsable de la compañía en el país y, además, apoyará la actividad comercial y la creación de negocios para todas las unidades de la empresa.
El puesto de director general de IM Trust-Credicorp Capital Chile, que deja Tagle, lo ocupará Fernando Edwards Alcalde, quien tendrá a su cargo la coordinación y dirección de todas las actividades de negocios y operaciones que se realicen en el país. También coordinará la operación de Chile con las unidades regionales en Perú y Colombia, y se incorporará al Comité de Gestión de Credicorp Capital.
En sustitución del anterior, Sergio Merino Morales será director de finanzas corporativas en Chile y coordinará las unidades de este negocio en los otros países. Y, por último, el puesto que éste deja lo ocupará Eduardo Gómez de la Torre, nuevo director regional de finanzas corporativas.
Los cambios quieren construir una estructura ágil y eficiente, que consolide, en el largo plazo, el proyecto de Credicorp Capital en la Región Andina de liderar la industria de servicios financieros de Banca de Inversión en la región.
The Board of Directors of Santander Holdings USA (SHUSA) announced yesterday that Scott Powell has been named Chief Executive Officer, effective immediately.
Mr. Powell brings extensive experience in retail banking, risk management and consumer and auto lending to Santander. He has held a variety of roles at J.P. Morgan Chase & Co., including Head of Banking and Consumer Lending Operations, CEO of Consumer Banking and Retail Investments, Head of Consumer Lending, as well as Chief Risk Officer, Consumer. He also spent 14 years at Citi in a variety of risk management roles. Most recently, Mr. Powell was Executive Chairman of National Flood Services Inc.
Santander Group Executive Chairman Ana Botín said: “We are delighted to have Scott join our team. His expertise and experience in retail banking, consumer finance and risk management will be a great contribution as we work to improve customer service, enhance our U.S.-wide oversight and embed our banking culture across the U.S.”
SHUSA Non-Executive Chairman T. Timothy Ryan, Jr., said: “Scott’s appointment is an important step toward our goal of strengthening Santander Holdings USA to manage our U.S. businesses. This will include bringing all the U.S. units together within SHUSA by the middle of this year.”
Santander Holdings USA, a fully-owned subsidiary of Banco Santander of Spain, owns 100% of Santander Bank, N.A. and 60.5% of Santander Consumer USA Holdings Inc. of Dallas. Besides these units, Santander activities in the U.S. include a private bank in Miami, Banco Santander International, and businesses in Puerto Rico, including Santander Bancorp. These units’ operations will be consolidated within SHUSA by the middle of 2015.
Román Blanco will continue as CEO of Santander Bank.
Ana Botín said: “I would like to thank Roman for his very able leadership of Santander US. I am delighted he will continue to lead Santander Bank, where his focus will be on strengthening the Bank in its U.S. northeast footprint by improving customer service, attracting new customers and deepening customer relationships.”
Foto: Andrea B. Gloria y Emilio Estefan ponen a la venta una mansión en Star Island
Según publica The Real Deal, los pesos pesados de la industria del entretenimiento Gloria y Emilio Estefan han puesto a la venta una mansión de su propiedad en Star Island, cerca de Miami Beach, por 40 millones de dólares, conocida como «Nena’s Villa»
Los Estefan –que juntos atesoran 26 premios Grammy- viven en otra mansión en el número 39 de Star Island Drive. “Ellos poseen una preciosa propiedad de dos acres, en Star Island” declaró Jill Eber de Coldwell Banker, que tiene el encargo de esta venta junto con su colega Jill Hertzberg. “Ellos tenían esta propiedad como residencia para invitados pero ya no la estaban utilizando” informa The Real Deal.
Siempre según la misma fuente, la propiedad de 1,34 acres situada en 1 Star Island Drive en Miami Beach, fue vendida por última vez en noviembre de 1993 por 1,84 millones de dólares. La construcción consta de una casa principal, construida en 1940, y una casa de invitados construida en 1995, según muestra su historial. El edificio principal, de 4.747 pies cuadrados, se distribuye en cuatro dormitorios y cinco cuartos de baño y la casa de invitados, de 2.661 pies cuadrados, en tres dormitorios y tres baños. En 2013 se ofrecía su alquiler en 30.000 dólares al mes.
“La propiedad es extraordinaria” declaró Eber a TRD. “Es un lote de algo menos de 60.000 pies cuadrados, con 240 pies frente al mar con unas vistas espectaculares de la ciudad y la bahía”
Además de los Estefan, Star Island acoge las casas de Sean “Diddy” Combs; de Leonard Hochstein y su esposa, Lisa -de Real Housewives of Miami-, que han tirado su propiedad para construir una nueva mansión; del millonario Phillip Frost y del directivo de Lennar Stuart Miller, que quiere transformar su actual mansión en una nueva de 22.000 pies cuadrados, concluye TRD.
BBVA Compass announced that Jason Leal has been named its market president of the Upper Rio Grande Valley, where he will lead efforts to increase brand awareness and represent the bank’s interests in the growing market.
Leal will provide leadership for all commercial banking activities, including business development and market leadership coordination, in an area that is experiencing solid growth in the health care and retail industries. He joined the BBVA Compass team eight years ago and most recently served as a commercial underwriting center manager.
«Jason’s a proven local leader and a Rio Grande Valley native, so this is a natural fit,» said BBVA Compass Texas Border Region CEO Hector Chacon. «He has adapted to change, maintained a strong reputation in the community and has remained committed to our success. I am certain he will continue to establish and strengthen our client relationships in the market and help contribute to our future success.»
Leal, who began his career in 1989 at the Rio Grande Valley-based Texas State Bank, has 24 years of banking experience with BBVA Compass and its legacy banks. He holds a bachelor’s degree from the University of Texas at Brownsville, is a board member and vice president of Affordable Homes of South Texas, board member and president of the McAllen Country Club, board member and chairman of the Leadership McAllen Alumni Association and was recently placed on the University of Texas-Pan American Foundation Board of Trustees.
Invesco Perpetual wins the Overall Fund Group, plus two individual fund awards, at the 2015 Lipper Fund Awards. The Lipper Fund Awards honour funds and fund management firms that have excelled in consistently strong risk-adjusted performance relative to their peers.
“As advocates of active fund management, we’re delighted to have won Lipper’s Overall Fund Group Award in 2015 which recognises the strength and depth of our product offering”, said the firm in a press release.
“At Invesco Perpetual, we’ve built a renowned investment culture in Henley-on-Thames which supports our talented and experienced fund managers. Alongside our long-established equity and fixed interest capabilities, we’ve expanded our product range to include a multi-asset offering, which further supports our focus on long-term solutions for clients”, said.
In addition to the Overall Fund Group Award, the Invesco Perpetual High Yield and Global Equity Income Funds were also award winners.
Lewis Aubrey-Johnson, Head of Fixed Income Products commented: “We’re delighted to have received this award from Lipper in recognition of the fund’s risk-adjusted performance. This is the third award for the Invesco Perpetual High Yield Fund in the last 12 months, and with the addition of Asad Bhatti as Deputy Fund Manager, we aim to maintain our strong investment track record in future years.”
On the award for the Invesco Perpetual Global Equity Income Fund, Chief Investment Officer Nick Mustoe said: “Where some equity income funds look to maximise income in the short term by focusing on the highest yielding parts of the market, this fund focuses on sustainable income. We refer to this approach as ‘quality income’ and as such, are pleased to learn that Invesco Perpetual Global Equity Income Fund is a top performer in the IMA Global Equity Income sector over five years in the UK. Over the long term, we employ a ‘quality income’ approach that seeks to deliver a diversified portfolio of stocks that provide an attractive mix of income, dividend growth and capital appreciation.”
Despite the leading banks’ zero interest rate policy and weak oil prices, the global economy is in danger of a slowdown, according to Guy Wagner, Chief Investment Officer at Banque de Luxembourg and Managing Director of BLI – Banque de Luxembourg Investments, and his team, in the monthly market analysis, ‘Highlights’.
In the United States, the GDP increase in the 4th quarter of 2014 was driven by domestic consumption, while investments and exports showed signs of weakness. «Outside the United States, economic activity is fragile in most regions,» says Guy Wagner. «In Europe and Japan, the recent slight improvement in the main economic indicators does not point to a significant upturn, given the weakness of the comparison bases.» In China, the slowdown in economic growth looks set to continue and could prompt the public authorities to embark on support measures in the coming weeks.
Government bonds continue to surprise with their extraordinary performance
The ECB’s pronouncement of a massive programme of quantitative easing has prompted a further fall in long rates, even though they were already extremely low. In the Eurozone, yields on 10-year government bonds fell in Germany, Italy and Spain. Bond yields have also dropped in the United States. «Despite the miserable level of long rates, government bonds continue to surprise with their extraordinary performance,» says the Luxembourg economist. «The only scenario in which government bonds can continue to pull off good surprises would be if negative interest rates were introduced on a grand scale by the central banks – something that cannot be excluded given the prospects of economic slowdown.»
Investors consider equities as the default investment
In January, stock market developments were largely determined by fluctuating currency values. The euro’s weakness helped the Stoxx 600 Index to grow in Europe, while Japan’s Topix and the MSCI Emerging Markets (in JPY and USD respectively) stagnated and the S&P 500 (in USD) fell. Guy Wagner: «Given the euro’s decline against the dollar and the yen, stock market investments produced particularly decent results for a European investor in January. In a zero interest rate environment, investors continue to view equities as the default investment despite the steady advance of deflationary pressures – well illustrated by the escalating devaluation race.»
The dollar’s upward march is likely to continue
In January, the euro fell sharply against the US dollar as a result of the ECB’s announcement of a massive programme of quantitative easing. «Although the dollar’s impressive rise in January would suggest a temporary period of stabilisation is due, the currency’s upward march is likely to continue until and unless a rise in US interest rates is called into question.»
BNY Mellon Investment Managementannounced that it has partnered with Amherst Holdings, LLC, a leading financial services provider to institutional investors in the mortgage and structured finance sectors, to launch Amherst Capital ManagementLLC (ACaM), a real estate credit investment management platform that will offer a wide range of both traditional and alternative strategies. BNY Mellon and Texas Treasury Safekeeping Trust Company (Texas Trust) have made significant capital commitments to the platform.
ACaMis being launched as a majority-owned subsidiary of Standish, BNY Mellon’s fixed income focused investment boutique, and will be co-owned by Amherst Holdings. ACaM will utilize Amherst’s proprietary data, analytics and market insight, giving the platform a unique perspective on the fundamental elements driving asset performance. As a result, Standish will be able to leverage ACaM’s significant real estate and mortgage expertise and proprietary analytics to support its multi-sector investment strategies. ACaM will initially be focused on direct lending opportunities, with plans to launch additional strategies in the future.
Sean Dobson, a seasoned veteran of the real estate finance markets will serve as CEO of ACaM. Upon completion of the transaction, Amherst Holdings will continue to operate subsidiaries specializing in mortgage and residential real estate assets.
The addition of ACaM is a natural complement to BNY Mellon Investment Management’s broader array of global real estate investment solutions currently offered by its CenterSquare, Insight, Siguler Guff[i] and Alcentra investment boutiques.
