SOUTH AMERICA - The Bank of New York Mellon Corporation has completed the acquisition ARX Capital Management, an independent asset management business headquartered in Rio de Janeiro, Brazil.
ARX Capital Management specialises in Brazilian multi-strategy, long/short and long only investment strategies and has more than US$2.8bn in assets under management. The firm will be integrated with...
Plunging equity markets have wiped out all gains made by pension schemes from balanced pooled funds in the last year, BNY Mellon figures show.
Rodrigo Amaral finds the allure of the fast-growing emerging market and operational hurdles have led Brazilian pension funds to stick to their home-country bias
SOUTH KOREA/JAPAN/BRAZIL - South Korea's National Pension Service and Posco, the world's third-biggest steelmaker, will buy a combined 15% stake in a Brazilian niobium producer with a group of Japanese companies.
US/BRAZIL - The California Public Employees' Retirement System (CalPERS) has committed $190m to a $200m Brazilian real estate fund.
Balanced pooled funds ended their run of positive quarters with a negative return of -8.9% for Q2 of this year, statistics show.