Acadian Asset Management and private equity groups HarbourVest Partners and Landmark Partners have been added to the Chilean AFPs’ list of approved asset managers.
In its latest monthly report, Chile’s risk regulator, the Comisión Clasificadora de Riesgo (CCR), approved two of US boutique Acadian's Ucits funds as well as private equity vehicles run by fellow US firms HarbourVest and Landmark.
Acadian is a $103 billion Boston-based quantitative asset manager that already has a presence in Chile. HMC Capital is in charge of distributing its funds in the Andean region and Brasil, said the firm's head of institutional distribution Nicolás Fonseca.
'We have been distributing Acadian funds for close to two years now, with some success among Colombian pension funds and fund managers and family offices in Chile and Brazil,' he added.
HarbourVest specializes in global private equity while Landmark focuses on real estate and real assets. Both groups already had a presence in Chile through Larrainvial with who both have a distribution agreement.
The CCR added six other funds to its approved list from Investec, Deutsche, Nomura and Nordea.
Below is the list of Ucits funds that have been approved.
|Deutsche Invest I – European Small Cap||N/A|
|Deutsche Invest I – Short Duration Credit||Oliver Krenn|
|Investec GSF Latin American Equity||Rafael Mendoza Grendi (Citywire A)|
|Nomura Funds Ireland – India Equity||Vipul Mehta (Citywire AAA)|
|Nordea 1 - European Financial Debt||Jacob Topp (Citywire A)|
|Nordea 1 - North American High Yield Bond||Benjamin D. Miller|
|Acadian Emerging Markets Equity Ucits II||N/A|
|Acadian Global Managed Volatility Equity Ucits||N/A|
|Lyxor BofAML $ High Yield Bond Ucits ETF||Raphaël Dieterlen, Jean-Marc Guiot|
At the same time, the CCR also struck off seven Amundi ETFs from its list as well as two funds from UK group GAM and one from HSBC for falling under its $100 million assets under management requirement.
- Amundi ETF CAC 40 UCITS ETF
- Amundi ETF MSCI Emerging Markets Ucits ETF
- Amundi ETF MSCI Europe Ex EMU Ucits ETF
- Amundi ETF MSCI Japan Ucits ETF
- Amundi ETF MSCI Nordic Ucits ETF
- Amundi ETF MSCI Pacific Ex Japan Ucits ETF
- Amundi ETF MSCI UK Ucits ETF
- GAM Funds - GAM UK Diversified
- GAM Multistock - Europe Focus Equity
- HSBC GIF - Mexico Equity