Internacional archivos - Página 2902 de 3405

Evercore Wealth Management Names Stephanie Hackett Managing Director, Portfolio Manager

Evercore Wealth Management LLC has announced the appointment of Stephanie Hackett as a Managing Director and Portfolio Manager.

Ms. Hackett joins Evercore Wealth Management from Brandywine Group Advisors, a multifamily office, where she worked for eight years as an investment director. Previously, she worked for seven years at JP Morgan, where she focused on alternative asset management and private banking.

She has significant experience in managing portfolios for high net worth individuals and families that invest in both alternative and traditional asset classes, including public equity, fixed income, hedge funds and private equity strategies.

“We are pleased to welcome Stephanie to our firm,” said Evercore Wealth Management Chief Executive Officer Jeff Maurer. “Her experience in portfolio management and alternative assets in particular will further strengthen our investment management capabilities and support our growing national practice.”

Ms. Hackett reports to Jay Springer, a Partner and Portfolio Manager at Evercore Wealth Management, and is based in New York City. She is a member of the firm’s Manager Selection Committee, which is responsible for the selection, due diligence and on-going monitoring of all third-party investment managers.

She received her Masters of Business Administration from Rice University’s Jones Graduate School of Business and her Bachelor of Arts from the University of Colorado. Stephanie holds the Chartered Financial Analyst designation.

Latin Americans Save Far Less than What They Will Likely Need for Retirement

| Por Alicia Miguel | 0 Comentarios

Latin Americans are far more optimistic and confident than the world generally when it comes to their financial future as well as their savings and investment decision-making, according to results of the latest BlackRock Global Investor Pulse survey. Yet, Latin Americans have a critical challenge: In general, they have saved far less than they will likely need to sustain themselves financially in retirement.

The BlackRock survey, one of the largest of its kind globally, is conducted annually on a broad range of financial and investment management topics. This year BlackRock polled 27,500 individuals in 20 nations including, for the first time, 4,000 Latin Americans — 1,000 each from Brazil, Chile, Colombia and Mexico.

“The Global Investor Pulse survey clearly shows that Latin Americans are strongly motivated to be successful savers and investors, yet have fallen behind in some key planning areas, especially retirement,” said Armando Senra, Head of BlackRock’s Latin America & Iberia Region. “Across the region, individuals urgently need to strengthen their knowledge of effective financial behaviors, and take steps to ensure that they are deploying their money in ways best suited to meet their important long-term goals.”

Nearly three-quarters of Latin Americans (74%) have a positive view of their financial future, particularly Colombians (84%), compared with 56% of respondents globally, the poll indicates. Nearly seven of 10 (68%) Latin Americans are confident that they are making the right savings and investment decisions.

Latin Americans do see risks to their financial futures, in particular, their national economy (58%) and the high cost of living (54%). Many Latin Americans also see worsening conditions in both their national economy (44%) and job market (46%).

Retirement: Knowing What You Want Doesn’t Make It Happen

Latin Americans seem to have the best intentions regarding retirement planning. They are more likely than global investors to have begun saving for retirement (67% vs. 62%), and nearly two-thirds (63%) say they understand how much they need to save for retirement (vs. 50% globally).

Yet, good intentions don’t necessarily translate into effective action. Across the region, the total amounts that Latin Americans have saved for retirement typically equal just one to two years of their desired annual retirement income.

For example, Colombians have saved on average $13.3m COP for retirement – but estimate that they will need $14.9m COP in annual retirement income. The gap between expectation and reality is even wider for Brazilians, who have $10,069 BRL in retirement savings on average, but say they will need $47,500 BRL annually in retirement.

Balancing Retirement Saving with Daily Obligations

Many Latin Americans report being challenged to maintain a focus on retirement saving. Among those not yet fully retired, eight in 10 say that they find it hard to keep up with their bills and save for retirement at the same time. Among Latin Americans who have not started saving for retirement, half cite “not having enough money” as a serious impediment.

Yet, as with their financial lives generally, Latin Americans are highly confident about their retirement prospects. Though many are concerned that they will not be able to live comfortably in retirement, 85% of Latin Americans who have prioritized this goal are confident that they will get there.

“Making retirement a financial priority is essential, but Latin Americans need to make this commitment real by strengthening their savings and investing efforts,” said Senra. “Increasing longevity – the prospect of spending as much as two or three decades in retirement – has made it more vital than ever for individuals globally to plan, save and invest throughout their working years toward the goal of a financially secure retirement.”

Cash Is Favored, But Many Interested in Other Opportunities

Saving money is important to Latin Americans, but they are not necessarily putting their money in the best places now to achieve their long term financial goals.

For Latin Americans, day to day living expenses, including routine bills such as mortgages, rent and utilizes, consume a smaller percentage of monthly household income than across the world generally (27% vs. 32 %). As a result, Latin Americans are able to save (21% vs. 20%) and invest (22% vs.17%), slightly more than the global average.

Yet, Latin Americans, like global investors, have 59% of their investable assets in cash — more than double what they think they should be holding. Four in 10 say they hold cash because it “makes them feel safe.”

The BlackRock poll indicates that many Latin Americans do want their money to work harder for them. Latin Americans are more willing than global investors to take on higher investment risks to achieve higher returns (43% vs. 32%), and many are more interested in stocks today than they were five years ago (44% vs. 27% globally).

And even though only 13% of Latin American investors hold investments outside their home country, 56% say they would like to be able to invest in different countries and stock markets.

Effective Investors Do the Right Things

About one-quarter of Latin Americans (27%) are taking the right steps to manage their finances. These «highly effective» investors live within their means, manage their spending, limit their debt and make a greater commitment to growing their savings and investments. These good «financial behaviors» yield benefits both for the retirement planning process and the investors’ overall positive outlook on their financial futures.

Highly effective investors are often among the Millennial Generation (40%) and Generation X (33%), with a near equal balance of men and women (55% men vs. 45% women). These investors are also likely to be married (55%) and typically with dependent children (70%).

A defining characteristic of highly effective investors is that they find a way to juggle life’s immediate costs ─ such as monthly expenses, education costs, mortgage payments ─ and still plan for long-term goals such as retirement. They are action-oriented when it comes to encountering both planned and unplanned life events rather than letting things just happen, and therefore are less likely to get pushed off track by life’s immediate pressures.

Columbia Management Signs Initiative With Blackstone Alternative AM over Hedge Fund Solutions

| Por Alicia Miguel | 0 Comentarios

Columbia Management has announced that it has signed a Letter of Intent with Blackstone Alternative Asset Management (“BAAM”) to research and develop investment solutions that leverage Columbia’s asset management capabilities and Blackstone’s hedge fund solutions business.

Columbia has considerable experience in asset allocation and alternative investing, with Jeff Knight, Global Head of Investment Solutions and Asset Allocation, and William Landes, Ph.D., Deputy Head of Global Investment Solutions, leading the company’s efforts to develop and manage compelling products and solutions for its clients.

Columbia’s expertise in asset allocation, equity and fixed-income investment management, and sub-advisory selection capabilities offers investors a powerful opportunity to help meet their specific needs. The addition of Blackstone’s alternative investment proficiency as captured through existing registered fund solutions will further enhance Columbia’s capability set.

BAAM is the world’s largest discretionary allocator to hedge funds and it strives to provide best-in-class solutions across alternative asset classes and strategies.

“Collaboration with Blackstone will enhance Columbia’s already deep product line-up and should allow us to reach even more investors and distribution partners, both domestically and internationally, with a broad set of alternative investment capabilities,” said Bill Landes. “This is an important opportunity to further enhance our offering of alternative investments and solutions-based strategies.”

México se estrena en el MILA con una operación de GBM Chile

| Por Fórmate a Fondo | 0 Comentarios

El mercado mexicano realizó este 2 de diciembre la primera operación en el marco de su integración al Mercado Integrado Latinoamericano (MILA). La transacción fue realizada por GBM México, a través de GBM Chile, la cual compró un total de 200 acciones de Falabella, por un monto de CLP$864.020 (US$ 1.415).

Pedro Zorrilla, director adjunto de la BMV, destacó esta transacción como la primera de muchas que a partir de ahora podrán realizarse entre los mercados de MILA, señalando además que esta integración es de gran relevancia para el mercado mexicano: “La integración de México a MILA facilita a nuestros emisores el acceso al mercado de inversionistas sudamericanos, lo que les dará más operatividad y liquidez, al mismo tiempo que fortalece a la región en su conjunto, potenciando al MILA como polo de inversión aumentando su valor”.

Con la incorporación de México, se suman a MILA 136 nuevas emisoras mexicanas totalizando más de 780 valores entre los cuatro países, convirtiéndose, de acuerdo a la Federación Mundial de Bolsas (WFE) en el primer mercado por número de compañías listadas en América Latina y el primero en tamaño de capitalización bursátil –el valor conjunto de las cuatro plazas supera los 1.1» millones de dólares, lo cual se traduce en uno de los mercados más atractivos de la región.

El resto de las plazas bursátiles que componen MILA coinciden en el positivo resultado de esta iniciativa.

Para hacer posible esta integración, la Bolsa Mexicana de Valores (BMV) ha puesto en marcha los sistemas tecnológicos y operativos de MILA en dicha plaza bursátil, y por su parte INDEVAL, depósito de valores de México, ha realizado las coordinaciones necesarias para conectarse a los otros depósitos de valores de MILA. Con esto, los mercados de Colombia, Chile y Perú quedan habilitados para operar en el mercado mexicano a través de un intermediario local, realizando intercambios operativos en todos los sentidos.

Por su parte, todas las demás entidades que componen MILA han desarrollado un trabajo minucioso y conjunto para lograr exitosamente esta integración. Las Bolsas de Valores y los Depósitos de Valores han firmado acuerdos recíprocos y han realizado pruebas de conectividad para tener todo operativo en forma segura y eficiente.

Cabe señalar que la BMV opera todos los servicios de los mercados de acciones y derivados, incluyendo el listado de acciones, títulos de deuda, CKDs y Fibras. Asimismo, ofrece plataformas de negociación 100% electrónicas para acciones, derivados financieros, operaciones de renta fija y derivados OTC, además de acceso por medio de una orden de ruteo al mercado de derivados más grande del mundo, el CME. Del mismo modo, liquida y compensa todas las operaciones a través de contrapartes centrales y ofrece servicios de custodia.

Por su parte, MILA es la primera iniciativa de integración bursátil transnacional sin fusión o integración corporativa a nivel global, iniciada en mayo de 2011.

La CCR chilena da el visto bueno a más de una veintena de fondos mutuos en noviembre

| Por Fórmate a Fondo | 0 Comentarios

La Comisión Clasificadora de Riesgo Chilena (CCR) informó un mes más de los instrumentos de emisores nacionales y extranjeros aprobados y desaprobados. En cuanto a las cuotas de los fondos mutuos de emisores extranjeros aprobados en noviembre, citar los siguientes:

Ampliar

Por otro lado señalar que se desaprobaron los siguientes títulos representativos de índices financieros y cuotas de fondos mutuos extranjeros, debido a que no cuentan con activos por un monto igual o superior a los 100 millones de dólares:

Db x-trackers- FTSE 100 UCITS ETF (Registrado en Luxemburgo)
JPMorgan Investment Funds – Highbridge Statistical Market Neutral Fund (Luxemburgo)
Threadneedle Specialist Investment Funds ICVC- Target Return Fund (Reino Unido)

Igualmente, se desaprobaron las cuotas de los siguientes fondos mutuos extranjeros, debido a que fueron absorbidos:

Edmond de Rothschild Signatures 12 M (Francia)
ING (L) – ING (L) Invest Emerging Markets (Luxemburgo)

Asimismo, se desaprobaron las cuotas del siguiente fondo mutuo extranjero debido a que su propiedad se encuentra concentrada:

Threadneedle Investment Funds ICVC – Global Bond Fund (Reino Unido)

Y db x-trackers – FTSE China 50 UCITS ETF, vehículo registrado en Luxemburgo, fue desaprobado en atención a que no fue renovada la respectiva solicitud de aprobación. Y por solicitud de su administrador se desaprobaron siete fondos mutuos de Raiffeisen.

Vanguard to Expand Low-Cost Fixed Income Offerings with New Ultra-Short-Term Bond Fund

| Por Alicia Miguel | 0 Comentarios

Vanguard has filed a registration statement with the U.S. Securities and Exchange Commission for Vanguard Ultra-Short-Term Bond Fund.

The new actively managed fund will round out Vanguard’s taxable bond fund lineup, which comprises 10 active funds and 12 index funds covering the broad quality and duration spectrum. The fund will invest in high-quality bonds, including a combination of money market, government, and investment-grade corporate securities with an expected average rating of Aa and duration of approximately one year.

“Vanguard Ultra-Short-Term Bond Fund is a low-cost and diversified option for investors seeking to augment the bond component of a balanced portfolio. It will afford investors the opportunity for further duration diversification,” said Vanguard CEO Bill McNabb. “The new fund, however, should not be used as a money market fund substitute, as it will subject investors to some level of principal risk.”

The fund, which is expected to be available in the first quarter of 2015, will offer low-cost Investor Shares and Admiral Shares. Investor Shares, with an estimated expense ratio of 0.20%, will require a minimum initial investment of $3,000. Admiral Shares, with an estimated expense ratio of 0.12%, will require a minimum initial investment of $50,000.

Gregory S. Nassour, CFA and David Van Ommeren, principals and senior portfolio managers in Vanguard Fixed Income Group, will co-manage the new fund. Mr. Nassour, who started at Vanguard in 1992, currently manages multiple investment-grade bond funds. Mr. Van Ommeren joined Vanguard in 1991 and is co-leader of the asset-backed and commercial mortgage-backed securities team.

Allfunds Bank obtiene la certificación de calidad ISO 9001:2008 en sus procesos de análisis

| Por Alicia Miguel | 0 Comentarios

Allfunds Bank Receives ISO 9001:2008 Certification for its Research Processes — Foto: IngBerrio, Flickr, Creative Commons. Allfunds Bank obtiene la certificación de calidad ISO 9001:2008 en sus procesos de análisis

Allfunds Bank ha logrado la certificación ISO 9001:2008 para sus procesos de análisis, prueba de que sigue construyendo y trabajando en sus capacidades de análisis de inversiones globales, según ha anunciado la entidad en un comunicado.

La certificación, obtenida de uno de los órganos de certificación más reconocidos, el cuerpo National Standards de Reino Unido (BSI), es importante tanto para los clientes de gestión de activos como gestores de patrimonios pues reconoce que Allfunds ha adoptado una estrategia consistente en la forma de operar en su función de análisis. Esta perspectiva enfatiza el hecho de dar respuesta a los requisitos de los clientes, añadir valor, monitorizar la rentabilidad y la efectividad así como asegurar una mejora continua de su servicio.

Tener el estándar también subraya el hecho de que Allfunds impulsa el feedback de los clientes, pues ISO 9001:2008 así lo requiere para evaluar ese feedback con el objetivo de comprobar si se han cumplido sus requisitos, un aspecto esencial en el cambiante escenario regulatorio actual, según Gianluca Renzini, General Manager adjunto de Allfunds.

“En un entorno en el que los gestores patrimoniales sufren una creciente presión de costes en la medida en que sus modelos de negocio evolucionan para adaptarse al actual entorno regulatorio, es esencial que proporcionemos a nuestros clientes opciones de calidad para un análisis externo de fondos. Esta certificación demuestra nuestros continuos esfuerzos por incrementar nuestras disciplinas de procesos internos, proporcionar un servicio a los clientes de primera clase y hace que el servicio de análisis de Allfunds Bank siga siendo sinónimo de calidad”, afirma.

California Meets Wall Street: BNY Mellon Establishes Innovation Center in Silicon Valley

| Por Alicia Miguel | 0 Comentarios

BNY Mellon has established an innovation center in California’s Silicon Valley. The opening of the facility is part of the company’s plans to use emerging and disruptive technologies such as Cloud Computing, Big Data and the Internet of Things to gain new business insights, develop inventive, operational and technological capabilities, and identify potential new ventures that anticipate and cater to emerging client needs.

«BNY Mellon is committed to becoming the financial industry’s technology leader,» said Suresh Kumar, senior executive vice president and chief information officer. «There is no better place in the world to do this than in Silicon Valley, one of the greatest centers of technology and innovation. By tapping into the area’s top tech talent and giving them a space specially-designed for innovation, BNY Mellon will be primed to embrace emerging technology that enables us to better run our businesses and serve our clients.»

Michael Gardner, managing director and head of the company’s Silicon Valley facility, most recently was with Apigee, Inc, where he led research and development, support, security and cloud operations. Previously, he held executive-level engineering posts at various startups and public companies in that region, including LiveOps and eBay.

Gardner will lead BNY Mellon’s efforts to foster collaborative innovation that leverages advanced and prototype technology to develop new offerings, improve customer service and reduce time-to-market. The types of technologies the center will focus on include, but are not limited to, mobile development, cloud computing, application development, information security, decision science/analytics and collaboration technology.

«BNY Mellon already is known for being a foremost provider of technology solutions and infrastructure for the world’s capital markets,» Gardner said. «Through our connection to this community of open collaboration, we can further our promise of technological excellence by bringing new technologies with practical and proven business uses to market more quickly.»

«Mike’s rich background in development, strategic thinking and successful execution will bring new vision and perspective to foresee and nurture innovative breakthroughs to BNY Mellon,» Kumar added.

The Silicon Valley site is BNY Mellon’s fourth global innovation center with a mission to encourage collaborative, break-through thinking that will leverage talent development and lead to innovations for clients. The company already operates similar centers in Jersey City, New Jersey; and Pune and Chennai in India, where employees share ideas that encourage dialogue, creativity and collaboration with staff anywhere in the world.

In addition to the innovation centers, BNY Mellon also provides numerous opportunities for its global employees to offer innovative ideas to enhance businesses or increase revenues. For example, the company’s A.C.E. (Accelerate, Collaborate and Execute) Awards give employees the opportunity to compete for cash awards, an opportunity to work full-time in an incubator on the start-up of the winning idea and – if implemented – share up to 10 percent of the value the winning idea creates. Also, the company offers an Innovation Boot Camp, which is a unique training program offered in partnership with Carnegie Mellon University, designed to help participants generate stronger innovative ideas, evaluate innovative ideas for business impact, use business cases to gain greater support for ideas and develop implementation plans to advance ideas.

Jean Lemierre Appointed as BNP Paribas Group Chairman and Director

| Por Alicia Miguel | 0 Comentarios

The Board of Directors of BNP Paribas has appointed Jean Lemierre as Director and Chairman of the Board of Directors.

He succeeds Baudouin Prot, who informed the Board of Directors on 26 September of his decision to step down as Chairman and Director from the 1st December 2014.

With the other members of the Board, Jean Lemierre will oversee the implementation of the Group’s business development plan as well as the reinforcement of its governance and of its internal control measures put in place in recent months.

Since September 2008, Jean Lemierre has acted as advisor to BNP Paribas and as its international representative with regulators as well as economic and political leaders.

Before joining BNP Paribas, he carried out two mandates as President of the European Bank for Reconstruction and Development (2000-2008). In addition, he served as Head of the French Treasury (1995-2000).

Jaime Ruiz Sacristán, nuevo presidente del Consejo de Administración de la BMV

| Por Fórmate a Fondo | 0 Comentarios

La Bolsa Mexicana de Valores acordó este lunes en Asamblea General Ordinaria de Accionistas la designación, con efectos a partir del 1º de enero de 2015, de Jaime Ruiz Sacristán como presidente del Consejo de Administración por un periodo de dos años contados a partir de dicha fecha y renovable por resolución de la Asamblea hasta en una ocasión por otro periodo de la misma duración.

De igual forma, fueron designados y ratificados para integrar el Consejo de Administración de la Bolsa, en su calidad de consejeros propietarios y suplentes, las siguientes personas:

Ampliar

Finalmente, se ratificó como miembro y presidente de los Comités de Auditoría y de Prácticas Societarias al señor Alfonso González Migoya, y como miembros de esos órganos a los señores Alberto Navarro Rodríguez y Fernando Ruíz Sahagún. Mediante estas acciones la Bolsa Mexicana de Valores ratifica su compromiso de continuar adoptando las mejores prácticas en materia de gobierno corporativo.