Register for free to access all of Alternative Latin Investor's unique content and special reports
I have read and understood the privacy policy
ALI Membership Benefits


  • Gain full access to the only available
    content discussing alternative asset
    classes within Latin America
  • Full content of all articles and

Special Reports

  • Latin American Infrastructure
    Investment: 2011
  • Latin Art Investment: 2011
  • Panama Outlook 2011
  • Latin American Real Estate
    Investment: 2010
NO-SPAM PLEDGE: We will NEVER rent, sell or give away your e-mail address for any reason. Unsubscribing from the Alternative Latin Investor site is quick and easy Nate Suppaiah, Director - Alternative Latin Investor
Already Registered?

*Please note your email address serves for both login and password

Hedge Funds

2012 Key Trends

In Latin American Hedge Funds

The Latin American hedge fund industry has continued to provide remarkable performance and growth for hedge fund investors over the years and the Eurekahedge Latin American Hedge Fund Index has delivered impressive annualised returns of 15.62% since December 1999. Since the financial crisis of 2008, the industry has also posted a remarkable recovery in terms of assets under management (AUM) ...

Read Full Article

ALI Speaks with Victor Hugo Rodriguez of LatAm Alternatives

LatAm's Maturing Hedge Fund Industry

As they did in 2011, LatAm hedge funds are leading the world in returns in 2012. According to the November Eurekahedge Report, which tracks global returns through October, LatAm is up 8.17% in 2012, well head of Asia ex Japan, with 6.40%, and emerging markets in general, with 6.14%. These are impressive numbers for a relatively nascent hedge fund industry that is still off many global investors’ radars. Against the backdrop of this positive news, ALI spoke recently with Victor Hugo Rodriguez ...

Read Full Article

Carlos Rojas of Andino Asset Management

The Need for More Managers in the Andean Region

As global alternative investors turn their attention to Peru, Colombia and Chile, they are finding few local, specialized managers to help them. Brazilians continue to represent the vast majority of managers in the region, and of the few managers in the Andean countries, hardly any have locally focused mandates that capture the outstanding growth in consumer-oriented sectors. “There are not enough managers outside Brazil,” says Carlos Rojas ...

Read Full Article

Sonia Villalobos of the LV Pacific Opportunities

Why LatAm Equity Funds are Looking Beyond Brazil

LatAm equity funds have long focused mostly — and often entirely — on Brazilian equities. Brazil’s BM&FBovesmpa is the largest stock market in the region and the 3rd largest in the world, and at the end of last decade, it boasted 15 of the top 500 companies in the world by market share.  Brazil’s LatAm neighbors, meanwhile, in spite of high growth numbers, did not have large, high-liquidity equity markets reflecting the dynamism of their economies ...

Read Full Article

Alternatives Go Mainstream

More Than Just a Hedge Against Traditional Investments

As 2012 draws to a close, investors and financial professionals can look back on the past months as a transformational period in the “alternatives era.” This may be the last year we talk about alternatives as a blanket term for nontraditional holdings and shift the perception of this asset class for both advisors and their clients. After the market volatility of 2007-2008, the entire financial industry was looking for new strategies that would weather the ups and downs of the market ...

Read Full Article

Hedge Fund Marketing Post-JOBS Act

Concepts to Begin the Advertising Conversation

A precursor to any advertising campaign is understanding more precisely who you are, as represented by your brand, what you are selling, as determined by the most unique attributes of your fund or service, and whom, exactly, you want to target. Ultimately, who you are is reflected in your firm's reputation and what that brand represents. More importantly, for the potential investor in your funds, who you are usually comes down to the single, major and most unique factor that leads them to choose your fund as part of their portfolio.Is it because of your: performance, notoriety of principals, years of experience, AUM ...

Read Full Article

LatAm Hedge Fund Experts Weigh In

On the Current Political and Economic Context

Though 2011 and 2012 have been strong years for LatAm hedge funds, particularly relative to other regions, the political and macroeconomic context in which local managers are investing has been fraught with complicated developments. For instance, the slowdown in China has affected commodities markets, the lifeblood of many of the region’s economies; the European crisis has diminished capital flows into the region; elections (and 2 important re-elections) ...

Read Full Article

On Familiar Ground

Linus Sluyter of Bolsa y Renta Discusses His Firm's New Luxembourg-Domiciled Colombian Equity Fund

As the equity markets in Colombia, Peru and Chile grow in size, company strength, liquidity and integration, there continues to be a dearth of regional equity funds that are easily accessible to international investors. Many of these investors, moreover, remain hesitant because of their lack of familiarity with the regulatory frameworks and dynamics of these markets, a lingering distrust that was, of course, exacerbated by the recent Interbolsa meltdown in Colombia ...

Read Full Article

Diamonds in the Rough

Otávio Vieira of Fides Asset Management on the Opportunities in Brazil's Sluggish Equities Market

The downturn in Brazil and the laggardly performance of the BM&FBovespa over the last 2 years has posed a challenge to investors in Brazilian public equities. Many companies are underperforming, are over-leveraged, and/or have stocks trading at high multiples, while the government continues to intervene with anti-inflationary measures (most notoriously in the case of Brazilian utilities companies in recent months) against a backdrop of macroeconomic sluggishness ...

Read Full Article

Regulation of Hedging

by Brazilian companies

After 2005, the scope of hedging operations allowed to Brazilian companies has been extended considerably. Resolution 3.312 from the Brazilian Central Bank has allowed any individual or company domiciled in Brazil to remit funds abroad in order to hedge its investments or its usual business transactions. In fact, Article 1 of such resolution reads: To establish that the financial transfers to and from abroad, derived from operations designed for the protection (hedge) of rights or obligations of commercial or financial nature, subject to risks of variation in the international market, of interest rates ...

Read Full Article

Sharp Drop in Brazilian Interest Rates

Forcing Institutional Investors to Look Beyond Fixed Income

The slowdown in the Brazilian and global economies has compelled the Brazilian Central Bank to drop base interest rates precipitously over the last 15 months, sending the Selic to historical lows of just over 7% in November. While still high by global standards, these interest rates, should they hold, mark a sea change for Brazilian institutional investors, who can no longer rely merely on fixed-income instruments to achieve their required returns ...

Read Full Article

Welcoming the Inevitable

Insight from Antonio Gil Nievas of Moneda Asset Management

For Antonio Gil Nievas, CEO of Santiago-based Moneda Asset Management, one of the region’s largest and most proven asset managers, global institutional allocations do not yet reflect the prevailing macroeconomic order, where LatAm is showing some of the best sustained growth in the world. A shift in allocations is all but inevitable, he says, as these institutions seek sufficient returns. He reads this promising future in a set of basic macroeconomic numbers ...

Read Full Article

Due Diligence Background Investigations

On Hedge Fund Managers in Latin America

When considering a potential hedge fund investment in emerging markets such as Latin America, it is imperative to work with an experienced professional to navigate the often murky waters of due diligence. While this article focuses on hedge fund investing, much of the advice and guidance toward effective due diligence is applicable across multiple business transactions, including M&A and private equity investments, corporate partnerships and other investment vehicles ...

Read Full Article

Hedge Fund Marketing

Understanding the JOBS Act

As part of its ongoing series of webinars on topics of critical importance to the alternative asset community, ALI recently hosted a two-part webinar on the JOBS Act, a landmark piece of U.S. legislation that many expect will have an enormous effect on hedge funds both in the U.S. and abroad. The first segment of the webinar,“Understanding the Jobs Act,” featured Richard Heller, a partner at the New York law firm Thomson Hines, where he heads the firm’s investment management group ...

Read Full Article

Revolutionizing the Hedge Fund Industry

The JOBS Act and its Implications

In April of this year, President Obama signed into law the Jumpstart Our Businesses and Startups (JOBS) Act, a widely supported measure intended to help small businesses grow by making it easier for them to raise money. In the alternative assets community, the big news was the act’s provision repealing the prohibition of advertisements by hedge funds. For the first time, US hedge funds will be able to publicly advertise and disclose information about their activities in various media, including magazines, newspapers and – long the most controversial issue – websites ...

Read Full Article

Euro Debt Crisis Turns Investors Toward LatAm

Turns Investors Toward LatAm

President and CEO at FINSER Corp. (an SEC-registered investment advisor) and the CIO at CONFISER Simi Fund, Andres Jacobus has over 25 years of experience in the global asset management business in Latin America. Currently FINSER International has over US$400 million in AUM from a diverse group of individuals and corporations, including a publicly traded REIT, a re-insurance company, a petrochemical company and a retirement fund for the Catholic Church ...

Read Full Article

Hedge Fund Association (HFA) members

What they have to say about LatAm

The best ways for foreign investors to access LatAm markets is via an ETF (like the EWZ in Brazil for example, an Index traded fund), or a Multi Strategy Funds with a well-known reputable manager. Only after a great deal of experience has been achieved is that the investors could begin to look at long only or individual stock selection. Legal structures like setting up offshore entities must be evaluated with appropriate Counsel in order to best guarantee ...

Read Full Article

Hedge Fund Association (HFA) members

What they have to say about LatAm

Are you looking to increase your LatAm exposure in 2012? We’re not looking to increase exposure to the area at this point.  Our current strategic outlook suggests caution is warranted at the global level, with global GDP likely to be weak.  Latin America tends to exhibit more volatility than developed economies and we want to be careful about how and where we expose ourselves to volatility.  In a world where correlation between risk asset movement is at or near all-time highs, investors need to rethink what it means to have a truly diversified portfolio ...

Read Full Article

Families and Hedge Funds

The rising wealth and sophistication of LatAm investors

With the rising wealth and sophistication of LatAm investors in the last decade, many followed the global trend toward investing in hedge funds as part of their portfolio diversification strategies, attracted by the high returns often promised from that asset class. But the poor performances of some hedge funds during the world financial crisis and in the years since has left a bitter taste in the mouths of many families and high net worth individuals in the region. “Their view of hedge funds is mixed at best, if not negative – and rightly so,”  ...

Read Full Article

Heading for Shifting Shores

Wealthy LatAm Families diversifying portfolios

As wealthy LatAm families have begun diversifying their portfolios more aggressively, they are doing so not only across asset classes and markets but across jurisdictions, as well. This trend has persisted, or indeed accelerated, as many traditional save havens have reformed their exchange of tax information regulations to conform with international standards. “There is a great benefit to having multiple jurisdictions holding your money, assuming you can legally you do it,” says Carol Pepper, CEO and Founder of Pepper International, a New York-based family office serving international clients. “You just don’t know what’s going to happen within the government of your country. Where you can be offshore from your home jurisdiction ...

Read Full Article

Top Ten LatAm Hedge Funds

ALI Profiles three of the funds that made the list

1. What is the strategy of your fund? It is a long-short market-eutral fund that seeks gains using the relative equity performance in the Bovespa market. 2. Have you remained fairly liquid or not? Yes. 3. What have been our allocations this year: The allocation is usually balanced between a long-term portfolio hedged in the Bovespa index future and many different pair trades (mostly intra-sector). 4. Please describe your investor demographic, where are they from, private or institutional: The fund accepts investments only from Brazilian Investors and the current client base is composed mostly of private clients...

Read Full Article

Mutual Funds

In Argentina

Significant changes have occurred since the end of Argentina’s crisis and default in 2001. Top of the list is the fact that LatAm is no longer flying under the radar of international investors. The returns of the fixed income assets have called the attention of the investment community around the world. A good alternative to fill the appetite for Argentine exposure that combines diversification and local expertise are the mutual funds locally called Fondos Comunes de Inversion (FCI). In Argentina FCI’s have 50 years of track record and currently approximately US$ 6 billion of assets under management. 44% of FCIs ...

Read Full Article

Latin America fund assets to exceed $3 trillion by 2020

Driven by appetite for asia - U.S. and European asset managers benefit most

While still smaller than other global regions in terms of aggregate assets - around US$1.4 trillion in mutual fund assets and about $710 billion in pension assets - fast growth in Latin America as a region is capturing the imagination of investors, distributors and asset managers alike, with tactical and strategic opportunities prompting resource allocations and investments. According to a new 110-page Strategic Insight research study on the region, 'State of the Asset Management Industry - Latin America', "Depending on the global market environment the region's mutual fund industry could reach between US$2.8 trillion and US$3.6 trillion in assets ...

Read Full Article

Hedge Funds Exchange (HFEX)

A New Portal of Hedge Fund Information For high-net-worth investors and Fund of Fund Managers

The Hedge Fund Exchange (HFEX) is a compiler and distributor of high-quality specialist market information for hedge fund managers and retail investors, trading with bonds, Gold, Oil and banking instruments. The core of HFEX is a web portal which includes a customizable interface that lets the user function as an Alternative Trading System or Multi-lateral Trading Facility. In addition, HFEX also gives Hedge Funds and small-boutique fund managers access to applications that allow for their own secure data to be linked to HFEX liquid data ...

Read Full Article

American Business Practices in Brazil: A Contrarian's View

ALI Speaks with Malcolm McLelland

U.S. companies have been investing heavily in Brazilian private equity in recent years, capitalizing on the across-the-board growth in the country’s small, mid and large cap companies.  But according to Malcolm McLelland, an American-born, Brazil-based consultant and financial economics researcher, these investors often fail to appreciate the complexity of Brazil and the special talent of many of its business leaders. “Very few people know much about Brazil and how to do business here,” he says. “It’s not as easy as finding a sales representative here and selling products.  There are import tariff issues, cultural issues ... 

Read Full Article

Latin American Hedge Funds


Hedge funds have become one of the most vital asset classes in LatAm in recent years, and LatAm hedge funds some of the most successful in the global industry, as local investors aim to diversify their strategies and exposure in the region while foreign investors vie for booming regional wealth and a deepening pool of talented local managers. According to a July report from Eurekahedge, a research firm that tracks the hedge fund industry, Latin America currently has 442 operational hedge funds, four times more than it had at the end of 2000, with a total of US$64 billion AUM, up 23-fold from 2000 ...

Read Full Article


Diversifying Outside and Within

Given its robust growth in recent years and massive wealth compared to its neighbors, Brazil has attracted the lion’s share of global investment in LatAm, with foreign investors allocating especially aggressively to equity and government bonds.  Brazilian investors, meanwhile, have been reluctant to look beyond fixed income, as the risk-free returns they find there are better than those in other, more volatile asset classes.  Brazil’s benchmark Selic interest rate is, at 12%, the highest among G20 nations ...

Read Full Article


Update on the Integrated Latin American Market

On May 30 of this year, the Integrated Latin American Market (Mercado Integrado Latinoamericano, or MILA) was launched, combining the stock markets of Colombia, Chile and Peru into a single cross-trading platform.  A key component of a regional trend toward integration, MILA has been widely lauded as an important move toward bolstering the already robust growth of the three constituent countries.  Investors expect the platform to increase the liquidity of companies by giving them easier access to global capital, and to attract more foreign investors to the Andean region, especially as they begin diversifying away from Brazil.  MILA began as the largest public equity market in the LatAm region in terms of total listed companies ...

Read Full Article

Brazilian Pension Funds

Expand Their Horizons

Alternative asset managers around the globe are vying for the attention of Brazil’s swelling pension funds. As of early 2011, these funds had a total of $342 billion under management and had grown an average of 14% per year for the last five years, one of the highest rates in the world, according to Towers Watson, an industry researcher and consultant. Legislative reforms in 2009 and 2010 loosened the restrictions on where and how those funds could invest, raising the limit on investments in foreign assets from 3% to 10% and allowing for more allocations in domestic alternative assets, including real estate and infrastructure ...

Read Full Article

Meta-Trends in LatAm Investment

ALI Speaks with Daniel Enskat

The progress of alternative asset investment in LatAm is following two basic meta-trends, that is, large-scale and long-term patterns that transcend specific products, firms or opportunities. These meta-trends are, first, the increasing interpenetration of managers from the so-called developed and developing countries into each other’s markets, and second, the global movement toward tapping the wealth of LatAm high and ultra-high net worth individuals, who are increasing in number in a region that already has the highest density of HNWI in the world. Such is the view of Daniel Enskat, a Senior Managing Director and Head of Global Consulting at Asset International’s Strategic Insight ...

Read Full Article

High Net Worth Individuals in LatAm

Their Take on Alternative Assets

The wealth and quantity of high net worth individuals (HNWI) in LatAm has grown in recent years.  According to the Capgemini/Merrill Lynch World Wealth Report 2011, the number of LatAm HNWI grew by 6.2% in 2010, and its total HNWI wealth by 9.2%.  There are about a half-million HNWI in LatAm, a relatively low figure compared to developed regions, though its concentration of ultra-high net worth individuals among the HNWI population is the highest in the world. By and large, however, they have refrained from investing their wealth in alternative assets ...

Read Full Article

Quant Funds

In Latin America

After taking a battering during the 2008 credit crunch and struggling in the early stages of recovery, quantitative (or ‘quant’) funds are trying to reassert themselves in the industry. And a small, but growing, number are looking to start afresh in the world’s most promising emerging markets. In Latin America, quant funds, which use complex computer models and algorithms to identify investment opportunities, are a relatively new phenomenon. Although the first appeared in the region in 2004, it wasn’t until 2007-2008 that the sector began to grow. Even today it remains on the fringes of a nascent industry ...  

Read Full Article

LatAm Funds

Attracting U.S. Institutional Investors

 U.S. Institutional investors looking to increase their exposure to emerging markets have been turning increasingly to a handful of LATAM countries, where they see a swelling pool of experienced fund managers working within a context of political stability and economic growth.  Brazil has garnered the most attention, but Chile, Colombia, Perú, and México are also increasingly attractive. “I’ve been in the private equity market for the last fifteen years,” says Eduardo Farhat, a Principal at Darby Overseas Investments, the private equity arm of Franklin Templeton Investments specializing in emerging markets, “and the last five have been the brightest I’ve seen so far for ...

Read Full Article

Institutional Investing in LatAm

A Contrarian's View

 For most institutional investors, there is an uncertainty about LatAm´s quality and future – and a certainty about its checkered past – that gives them pause as they investigate young managers in the region.  Most of these investors want to see a strong and sufficiently long track record from a manager, demonstrating sustained high performance, before they commit, but many of the managers cannot provide one.  This unproven inexperience is a deterrent for risk-averse institutional investors, and many choose to wait and see how a young manager grows, relying on established reputations in the meantime ... 

Read Full Article

LatAm Fund Due Diligence

What Managers Need to Know

Vidak Radonjic, the founder and CEO of Beryl Consulting Group, which provides independent hedge fund research and advisory to family offices and institutions, recently gave ALI a window into how he evaluates LatAm managers. As an analyst, he says, he always draws comparisons between managers working in a similar space; in approaching Latin American managers, he compares them to those he finds in other emerging markets, particularly Asia.  Currently he is unimpressed overall by the limited range of investment strategies in Brazil and throughout LATAM compared to their Asian counterparts, seeing the region as lagging about ten years behind ...

Read Full Article

MILA Integration

Keeping tabs on the Latin American Integrated Market

 As Brazil frightens investors with threats of escalating its “currency wars” with more capital controls and China’s growth looks its weakest in two years, investors continue to search for alternatives within the emerging market space. Enter MILA, the Mercado Integrado Latinoamericano, or Latin American Integrated Market, which combines and integrates the stock exchanges of Chile, Colombia, and Peru. MILA is the culmination of a four-year process, the goal of which was to create economies of scale and scope for equities trading on the exchanges and firms operating within the region. Trading officially began in May of this year ... 

Read Full Article

HFA To Provide a Voice for Latin American Hedge Funds

Hedge Fund Association's expansion into Latin America

 This spring, the US-based Hedge Fund Association (HFA), a non-profit organization that aims to be the collective voice of the hedge fund industry, opened a Latin America chapter. The move marks another milestone in HFA’s global expansion program: last September it opened a European chapter and in January launched operations in the Caymen Islands. David Friedland, President of the HFA, says the expansion into Latin America made sense given the rapid growth in hedge fund activity in the region. “Just seeing the number of funds launching in Latin America, and particularly Brazil, we felt it was an appropriate time to get involved there,” … 

Read Full Article

The Business of Running a Hedge Fund

Increasing Fund Efficiency and Profits

2010 was a transformative year for the hedge fund industry and reminded us that managing money is not the same as running a business. The significant number of small, mid-size and large fund closures in 2011 is a direct result of the multifaceted challenges facing hedge fund business operators. Managers who understand the distinction between managing money and running a business and who execute both effectively are best positioned to achieve not only investment alpha but also enterprise alpha.This paper examines the hedge fund business model and is based on our observations and numerous conversations with hedge fund managers, investors and industry experts … 

Read Full Article

Profile: Amaury Junior, CIO and Founder of Vision Brazil Investments

A look at Hedge Funds in Brazil

 To start off, tell me a little about your background and how or why you started Vision Brazil Investments - Prior to Vision I worked for JP Morgan and Bank of America and then founded with other partners an asset management company in 2003 called Capitania and its affiliate Vision . Starting in 2006, I have been solely dedicated to Vision, an asset management firm focusing on foreign institutional investors interested to invest in Brazilian asset classes including Real Assets.  We manage investments in four segments: agriculture renewable energy, real estate and distressed assets aside our practice in local financial markets … 

Read Full Article

MILA: A New Phase of Integration in Latin America

Investing in Latin American Hedge Funds

 Chile, Colombia and Peru are moving ahead with a project to join a common regional stock exchange (MILA), which they hope can compete with Latin America’s biggest capital markets for foreign investors. Strong growth in Latin America is catching the eye of many business and investors. But when it comes to decision time, Brazil is often the only financial market big and sophisticated enough to make a trade worthwhile. However, three of Latin America’s smaller, but most dynamic economies plan to combine forces to offer a viable alternative and open up their markets to local and international investors … 

Read Full Article

The Spectrum of Investors for Latin American Hedge Funds

The Competitive Landscape of Latin American Hedge Funds

In the past several years Latin American hedge fund managers have increasingly entered the competitive global race to win investment mandates. By and large, they have been successful.

LatAm funds were once shunned by many investors due to the “boom and bust” nature of many of the region’s economies. Coherent monetary policies were put in place in many of these regions, and as a result they developed well-capitalized banking systems with healthy credit. Many international focused investors have taken note over the past several years; those that began the due diligence process in China and India migrated to Latin America, where they have been … 

Read Full Article

Latin America's Favorite Sport For Sale

The Latin American Football Business Offers a Unique Investment Opportunity

 As the football industry defies the global recession, new investment funds look to fast-track smaller clubs and untapped talent into the lucrative top European leagues.Football Funds.The spectacle of this summer’s World Cup is still fresh in the memory for the estimated 700 million people worldwide who watched Spain beat Holland in the final. Six weeks earlier, Cardiff v Blackpool at Wembley, London didn’t quite have the same glamour, or viewing figures. But with promotion to the English Premier League (EPL) —and an estimated £90 Million in additional revenues—at stake, it was officially the richest game in world football … 

Read Full Article

Merlin Securities on Best Practices for Latin American Fund Managers

The Advantages Available to Latin American Hedge Fund Managers

 Over the past decade, several factors have converged to make Latin America one of the most exciting regions for hedge fund managers and investors. These factors include a large and growing population of high-net-worth and institutional investors, increasingly talented managers and an influx of foreign investors seeking geographic diversification.

As the size of the market has grown, so too has its level of sophistication. Just as U.S., Asian and European investors have come to demand greater levels of operational and investment excellence, Latin American investors also now expect to receive the same standards. This includes institutional quality risk management, compliance, execution … 


Read Full Article

The Latin American Trust

The Latin American Trust and Latin American Infrastructure Finance

Project finance has been the solution for financing infrastructure needs across the world for many years now and Latin America has been no exception. The vast amount of debt and capital needed coupled with the risk involved in large-scale projects makes this technique one of the few alternatives available in the region. The Latin American Trust, also known as fideicomiso, has proven to be a useful tool in project finance. Since its regulation, regional governments have been able to attract more private sector resources into infrastructure development works. Particularly the fideicomiso is used to guarantee obligations, access … 



Read Full Article

Infrastructure Funds in Latin America

Latin American Infrastructure and its Impact on Latin American Investing

 Countries in Latin America are expected to invest  $450 billion USD in infrastructure assets between the years 2011 and 2015. These long-life assets are usually characterized by high development costs (design and construction) but low marginal costs of production and little to no competition once in operation. While the bulk of the investment is expected to be allocated to the surface transport and energy sectors, the water/sanitation and ports/logistics sectors are expected to see substantial increases in the current levels of investment. All across the region, the public sector is often affected by budgetary constraints and …  

Read Full Article

LatAm Hedge Fund Outlook 2010

Latin American Hedge Fund Predictions

 Alternative Latin Investor recently spoke with two high profile hedge fund players in Latin America, Otávio Vieira, Portfolio Manager at Safdié and Carlos Rojas Perla, Chief Investment Officer at Compass Group. We were privileged to hear how both managers felt markets had played out in 2009 and to learn of the themes they expect to dominate in 2010, as well as the strategies they were employing to best harness future returns. The impact of the global financial crisis was undoubtedly felt by Emerging Market and Latin American focused hedge funds in 2008 … 

Read Full Article

Hedge Argentina

Investing in Hedge Funds in Argentina

 While the majority of hedge funds in the region have their operations located in the Brazilian cities of Sao Paulo or Rio de Janeiro, Argentina, despite the political and economic uncertainty that continues to affect the country, has attracted its share of funds as well. Almost all funds located in the country are headquartered in Buenos Aires, and use their base in Argentina as an advantage pertaining to investments in the country.The Argentine market presents significant opportunity for those hedge funds looking to examine: 1) Distressed opportunities in the corporate debt space; 2) Equities that trade at the lowest valuation in the region … 

Read Full Article

The Local Edge

Latin American Hedge Fund Advantage over global

 In the real estate world the mantra is “position, position, position”. The same may be said for hedge funds based in Latin America. Proximity to the real action gives local managers an advantage over funds managed at a distance. We would not have said this in the mid-1990s when Latin America was an intense focus of investor interest in major financial centers and there was a proliferation of emerging markets mutual funds. It was perceived that the best perspective was achieved from a distance (on high?) looking towards the region from the northern hemisphere where one could observe matters ...

Read Full Article

Attracting Middle Eastern Investment

How Latin America is attracting investment from the middle east

Cash needy investors are hitting the hedge fund industry hard and many managers are expecting significant redemptions, at least for the first half of 2009.  In exclusive interviews with Alternative Latin Investor, Brazilian fund managers have spoken about their concerns about surviving the current worldwide economic downturn. Otavio Vieira of Safdie Private Banking expects to see a large contraction affecting Brazilian funds “Assets under management will drop a lot, in 2010 there will be perhaps only 30 to 40 percent of Assets under management when comparing with 2008 and this is causing many funds to close down”...

Read Full Article

Click to download

Click to download