Investec appointed Florian von Hartig Head of Debt Capital Markets in its Specialist Bank. He joins from Standard Bank, where he was global head of debt primary markets, Investec said in a statement as mentioned by Reuters. Based in London, he reports to Chris Meyer, head of corporate and institutional banking.
Von Hartig joined Standard Bank on December 2005, leaving last October. Ian Dixon, a member of Investec’s debt capital markets, had been an interim responsible for the division since October 2013. Dixon will remain at the bank within the high-yield segment.
Pioneer Investments has announced two new senior hires to lead U.S. Intermediary Distribution and U.S. Marketing and Product Development.
Mark Spina has been named Executive Vice President and Head of U.S. Intermediary Distribution, effective January 5, 2015. He will lead internal and external wholesaling, business development, and relationship management teams focused on building relationships with leading financial intermediaries. He will be responsible for distributing Pioneer’s investment solutions, including mutual funds, sub-advisor services and closed-end funds. He is a member of the firm’s U.S. Management Committee and reports to Lisa Jones, President and CEO of Pioneer Investment Management USA Inc.
“Mark has extensive experience across all channels and a demonstrated track record of enhancing partnerships with clients,” said Jones. “I am confident that with Mark’s leadership, Pioneer will work closely with our clients to enhance our partnerships across these channels. I am excited to have Mark as a member of our leadership team,” she added.
Spina joins Pioneer from Voya Investment Management, where he served as Head of Intermediary Distribution since 2008. Prior to that role, Spina was Head of Strategic Marketing and Head of Business Development at Voya (formerly ING US Investment Management), where he worked since 2001.
Erik Gosule has been named Senior Vice President and Head of Marketing and Product Development for the U.S. Division, effective December 15, 2014. He is responsible for developing an integrated marketing platform for Pioneer’s investment solutions across all channels, including intermediary and institutional. He will also lead the U.S. Division’s product development efforts. Erik is a member of the firm’s U.S. Management Committee and reports to Lisa Jones.
“Erik’s breadth of investment experience, ranging from product development and management to marketing and consultant relations, makes him well suited to expand our suite of investment solutions and to better communicate the merits of Pioneer’s capabilities to the marketplace, ” she added. “Pioneer has a broad and compelling global investment platform. While many of our clients are well aware of our capabilities in both traditional and alternative strategies, we are seeking to enhance investors’ awareness of our robust equity, fixed income and multi-asset investment solutions,” said Jones. “Erik will be instrumental in developing a fully integrated marketing and product development platform aligning our investment capabilities with client expectations and needs,” Jones added.
Before joining Pioneer Investments, Gosule was Head of Client and Product Solutions at PanAgora Asset Management, where he was responsible for overseeing strategic and tactical marketing initiatives including product development, and for communicating PanAgora’s investment capabilities through a variety and distribution channels around the world.
Vanguard has filed a registration statement with the U.S. Securities and Exchange Commission to offer a national municipal bond index fund with an exchange-traded fund (ETF) share class. Vanguard Tax-Exempt Bond Index Fund will be the firm’s first tax-exempt index fund and ETF. Vanguard is one of the largest managers of municipal bond funds in the industry—with about $140 billion in tax-exempt bond and money market funds—and one of the largest ETF providers, with $422.6 billion in assets.
Vanguard Tax-Exempt Bond Index Fund’s target benchmark is the S&P® National AMT-Free Municipal Bond Index. The fund will offer investors exposure to investment-grade municipal bonds across the entire yield curve. The fund is intended to provide a sustainable level of current income that is exempt from federal personal income taxes.
“For investors in high tax brackets, a high-quality, broadly diversified municipal bond fund or ETF can provide tax advantages as well as diversification from the risks of the equity market,” said Vanguard CEO Bill McNabb. “Vanguard is pleased to bring a low-cost index option to the municipal category as a complement to our lineup of low-cost actively managed tax-exempt bond funds.”
The fund, which is expected to be available in the second quarter of 2015, will offer three share classes: Investor Shares, Admiral Shares, and ETF Shares (with estimated expenses ratio of 0.20%, 0.12%, and 0.12%, respectively). The municipal bond funds in Lipper’s General and Insured Municipal Debt Funds category have an average expense ratio of 0.97%; comparable ETFs in the category have an average expense ratio of 0.49%.
Investor Shares will require a minimum initial investment of $3,000 and Admiral Shares will require a minimum initial investment of $10,000. These share classes will also include a 0.50% purchase fee to defray portfolio transaction costs and enable the fund to more closely track its benchmark.
A municipal bond funds pioneer
Vanguard Fixed Income Group is one of the world’s largest fixed income managers, overseeing more than $800 billion, of which $140 billion is invested in tax-exempt bond and money market funds. Vanguard offers 12 actively managed municipal bond funds (five national, seven state-specific) and six tax-exempt money market funds (one national, five state-specific).
Vanguard offered its first three tax-exempt bond funds (short-, intermediate-, and long-term) in 1977. It was the first mutual fund company to offer shareholders a choice among municipal bond funds of differing durations.
Adam Ferguson, a portfolio manager in Vanguard Fixed Income Group, will manage the new fund. Mr. Ferguson joined Vanguard in 2004 and currently manages multiple municipal bond funds.
Vanguard has an experienced municipal team of approximately 40 professionals, including portfolio managers, senior credit research analysts, research associates, and traders. The team’s approach, whether managing money market funds, bond index funds, or actively managed bond funds, is to invest shareholders’ money in a disciplined, risk-controlled manner.
. Trazando el futuro financiero de Miami: una mirada a los sectores emergentes más calientes
Miami Finance Forum (MFF) ha convocado para el próximo 4 de febrero una conferencia en la que participarán reconocidos líderes de distintos sectores de Miami para analizar el futuro financiero de la ciudad y prestar especial atención a los sectores emergentes más calientes que dibujarán el futuro de la ciudad del sur de Florida.
El evento tendrá lugar en el hotel Conrad de Brickell Avenue y contará con Manny Medina, managing partner de la firma de private equity Medina Capital como orador principal. La conferencia cuenta además con la participación de Knight Foundation, la firma legal Bilzin Sumberg, S&P Capital IQ, KPMG y Professional Bank.
La jornada se dividirá en dos sesiones: el papel de Miami como hub de inversión tecnológica y las estrategias de gestión de contenidos en medios de comunicación. Estas dos sesiones contarán con la participación de varios panelistas, entre los que se encuentran:
Melissa Krinzman, managing director de Venture Architects
Brad Harrison, fundador y managing partner de Scout Ventures
Celine Armstrong, managing director e investment banking product management de S&P Capital IQ
Nabyl Charania, cofundador y CEO de Rokk3r Labs
Peter Blacker, EVP Telemundo
Nathaniel Perez, responsable global de Social de SapientNitro
Victor Kong, presidente de Cisneros Interactive
Derek Bond, president Imagina U.S.
Para obtener más información sobre el evento o inscribirse puede consultar el siguiente enlace.
Foto: Arild Vågen . Mirabaud AM ficha a Patrick Huber para fortalecer su división de renta variable europea
MirabaudAsset Managementha contratado aPatrickHuber, quien se unea la empresa comosenior portfolio manager responsable de sociedades large cap suizas.
«El nombramiento dePatrickHuberesun paso máshacia el fortalecimiento delascapacidades de gestióndeun equipo existenteque, gracias asu experiencia ybuenas actuaciones,hasido capaz de ganarnumerosos mandatosy múltiplespremios.Entreotras clases de activos,enacciones suizasespecíficamenteMirabaudAsset Managementgestiona en la actualidadcerca de 1.000 millonesde francossuizos, distribuidosentre variosfondos de capitalsuizoy los mandatos, tantoen nombrede los inversores profesionalese institucionales, dijo la firmaen un comunicado deprensa.
Con quinceaños de experiencia yun incomparable nivel deconocimiento delas empresas suizas,PatrickHuberllega aMirabaudAsset Managementdesde LombardOdierInvestment Managers, endonde eraresponsable delequipo de renta variablesuiza.PatrickHuberes licenciado enBanca y Finanzas porla EscuelaSuperiorde Economía y Administración de Zurich(HWV)y cuenta con una maestría enEstudios Avanzadosen Finanzas Corporativas dela Universidad deLucerna(ZFI).
Dentro deMirabaudAsset Management,PatrickHuberserá responsable de las sociedades large cap suizas mientrasMatthiasEgger seguirá siendo responsable de empresas small and mid-cap. NicolasBurkipermanecerá ensu actual cargo comogerenteanalista y, junto conPatrickHuber yMatthiasEgger,estarán involucradosen el análisis delas empresas suizas yen la gestión deuna serie de mandatos
Mirabaud Asset Management welcomes Patrick Huber, who joins the firm as Senior Portfolio Manager responsible for Swiss large cap companies.
Patrick Huber’s appointment is an additional step towards strengthening the management capabilities of an existing team which, thanks to its expertise and good performances, has been able to win numerous mandates and multiple awards. Among other asset classes, in Swiss equities specifically Mirabaud Asset Management currently manages nearly one billion Swiss francs, distributed among various Swiss equity funds and mandates, both on behalf of professional and institutional investors, said the firm in a press release.
With fifteen years’ experience and an unparalleled level of knowledge of Swiss companies, Patrick Huber joins Mirabaud Asset Management from Lombard Odier Investment Managers where he had been responsible for the Swiss equities team. Patrick Huber has a degree in Banking and Finance from the Zurich Higher School of Economics and Administration (HWV) and a Master of Advanced Studies in Corporate Finance from the University of Lucerne (IFZ).
Within Mirabaud Asset Management, Patrick Huber will be responsible for Swiss large cap companies while Matthias Egger remains responsible for small and mid-cap companies. Nicolas Burki will remain in his current role as analyst manager and, along with Patrick Huber and Matthias Egger, will be involved in analysing Swiss companies monitored by the team and in managing a number of mandates.
Lionel Aeschlimann, CEO of Mirabaud Asset Management, announced: «We are delighted to welcome a talented new manager, Patrick Huber, into our Swiss equities team, which represents one of Mirabaud Asset Management’s key strategic focus areas. We firmly believe we have one of the best teams operating in this asset class. Patrick Huber, who shares our values and our active management approach based on strong convictions, will be a major contributor to the quality, strength and sustainability of our client offering.»
Mario Rivero, director de Flexfunds. Flexfunds ETP lanza FlexETP 3, una plataforma de estrategias personalizadas
Flexfunds ETP ha anunciado el lanzamiento de su plataforma de productos FlexETP 3, una plataforma que ofrece una solución personalizada de estrategias, además de que entra en el mercado en un momento en el que los inversores están cada vez más comprometidos con productos relacionados con la emisión de títulos y servicios de custodia de vehículos de inversión, tal y como explicó Mario Rivero, director de FlexFunds.
Desde la puesta en marcha de esta plataforma ya han sido lanzados 10 fondos, entre ellos un fondo de fondos con Banca Mora y un fondo de deuda. Dentro de la nueva plataforma nos encontramos con FlexETP Funds, FlexETP Wrapper y FlexETP Private Placement.
FlexETP Funds: Los inversores participan en las estrategias de inversión de los títulos públicos. Los valores subyacentes se mantienen en una cuenta de custodia y son controlados por el por el portfolio manager o por un tercero asignado. Los productos pueden incluir un fee o características de pago, y se pueden utilizar como un producto para múltiples inversores o para administrar una sola cuenta.
FlexETP Wrapper: Este producto ofrece acceso a valores privados. Desde la cuenta de un inversor se puede acceder a fondos privados ya existentes, así como a entidades o valores evitando la apertura y gestión de nuevas cuentas y transferencias. Los títulos de valores adquieren inmediatamente registro mundial, exposición y track record.
FlexETP Private Placement: Producto con lazos a un contrato de deuda o de préstamo. Los productos pueden ser diseñados de acuerdo a las características del contrato subyacente, incluyendo distribuciones y/o de devengo de intereses. A través de Euroclear, uno de los mayores sistemas de compensación y liquidación de valores financieros del mundo, los valores de FlexETPs y distribución de pagos son distribuidos a la cuenta del inversor.
“Con frecuencia escuchamos acerca de la necesidad de servicios de custodia y emisión para los vehículos de inversión”, afirma Rivero, al tiempo que indica que a través de la nueva plataforma se ha creado “uno de los programas de gestión de activos más eficiente. FlexETP tiene muchas ventajas y, se centra en el precio, la rapidez y flexibilidad”.
Foto: Garfield Anderssen. BNY Mellon completa la compra de Cutwater Asset Management
BNY Mellon ha anunciado la compra, el pasado día 2 de enero, de Cutwater Asset Management, especialista de soluciones y de renta fija con sede en EE.UU., con 20 años de track record y 22.000 millones de dólares en activos bajo gestión.
Cutwater operará ahora como parte del negocio de gestión de inversiones multiboutique de BNY Mellons, con 1,6 billones de dólares en activos. Trabajará de cerca con, y será administrada por, Insight Investment, gestora europea y una de las principales firmas de inversión de BNY Mellon.
Las capacidades de inversión de Cutwater comprenden un amplio rango de estrategias en renta fija estadounidense, incluyendo core, de larga duración, high yield, préstamos, retorno absoluto y gestión de riesgos de deuda. Capacidades que profundizarán el expertise de BNY Mellon e Insight en análisis y gestión de carteras de renta fija en el mayor mercado crediticio del mundo.
ING Investment Management (ING IM), which will soon rebrand as NN Investment Partners, has announced the appointment of Hiroshi Kimura as CEO of ING IM Japan.
Kimura joins ING from Alliance Bernstein, where he was managing director client relations and communications and member of the board. Kimura replaces Douglas Hymas, who recently joined BNY Mellon as country head Japan.
Commenting on this appointment, Management Board member Martin Nijkamp said: “With Kimura-San, we have appointed a CEO that brings highly sought-after experience and a business development track record to take ING IM Japan to the next level. His breadth of expertise fits well with our strategic ambitions, and his leadership skills will contribute greatly to ING IM’s growth plans in Japan.”
Foto: Taxiarchos228. La gestora mexicana GBM aumenta un 66,8% el monto de activos gestionados en un año
La operadora de fondos mexicana GBM gestionada en el tercer trimestre del pasado año 64.394 millones de pesos (unos 4.599 millones de dólares) en activos netos que, comparados con el mismo mes del año pasado, supuso un crecimiento de 66,8%, con lo que la operadora se coloca en el noveno puesto de las 28 gestoras que operan en el mercado mexicano, de acuerdo a Fitch Ratings.
A septiembre del 2014, GBM operaba 36 fondos de inversión, de los cuales nueve eran de deuda y 27 de renta variable. Los primeros alcanzaron un momento de 25.668 millones de pesos (unos 1.833 millones de dólares) (equivalente al 39,9% de los activos manejados), mientras que los de renta variable registraron 38.726 millones de pesos -2.776 millones de dólares – (60,1% del total).
En este sentido, Fitch Ratings subrayó a través de una nota que considera que la operadora posee la capacidad y los elementos necesarios para administrar sus fondos de inversión. La experiencia de su Comité de Inversión y sus manuales y políticas detallados controlan el riesgo al que están expuestos los portafolios.
