asset manager’s guide 2020 - funds society · antonio almirall business development manager...
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ASSET MANAGER’S GUIDE 2020
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FUNDS SOCIETY’S ASSET MANAGER’S GUIDE U.S. NRI
DIRECTOR: Alicia Jimenez – [email protected] OPPORTUNITIES: Elena Santiso – [email protected]: Luis Montenegro – [email protected]
DESIGN AND LAYOUT: El Sofá VerdePRINT: Bellak Color
FUNDS SOCIETY’S BOARD OF DIRECTORSAlicia Jimenez – Managing PartnerElena Santiso – Managing Parter – Business Development
FUNDS SOCIETY is a trademark of KABE MAS LLC1200 Brickell Avenue; 18th floor Miami, FL 33131 +1-786 429-0248
The contents and/or services provided by Funds Society are of a financial nature and are aimed specifically to the international or offshore financial industry professionals or experts, including information, opinion, charts, graphs and links to several financial media. Due to the number of sources from which information on Funds Society is obtained, there may be omissions or inaccuracies in such information. Funds Society may include facts, views, opinions and recommendations of individuals and organizations deemed of interest. Funds Society does not guarantee the accuracy, completeness or timeliness of, or otherwise endorse, these views, opinions or recommendations. The content of this guide is not intended for the retail investor or for the wealth management professional who’s clients are residents of the U.S.
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DEAR READER,
Funds Society is presenting the fourth edition of its Asset Mana-ger’s Guide NRI, a comprehensive list of asset management firms providing UCITS investment solutions to investment professionals in the wealth management non resident industry.
It is not until we started the process of putting together this guide that we realized that the movement of sales professionals from one firm to another never stops. We think this, together with the growing number of asset managers establishing offshore teams in the U.S. reflects the good health of the NRI market. To help you keep track of all these changes we have put together a thorough list of almost 60 international asset management firms who do bu-siness in the NRI market through their UCITS range of products, and their contacts.
We are also presenting additional information from 17 of these firms stating their business proposal for the Americas region.
We truly hope this guide is a useful tool for all of you.
Best Wishes,
Alicia JimenezFounding Partner, DirectorFunds Society
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INDEX
Aberdeen Standard Investments 8
Allianz Global Investors 10
BlackRock 12
Capital Group 14
Franklin Templeton 18
GAM 20
Invesco 22
Janus Henderson Investors 24
Merian Global Investors 28
MFS 30
Morgan Stanley IM 34
Muzinich & Co 36
Natixis Investment Managers 38
RWC Partners 42
Thornburg IM 44
Vontobel 46
ABERDEEN STANDARD INVESTMENTS 6
ALLIANCE BERNSTEIN 6
ALLIANZ GLOBAL INVESTORS 6
AMUNDI PIONEER 6
AXA INVESTMENT MANAGERS 6
BLACKROCK 6
BNY MELLON IM 6
BRANDES INVESTMENTS PARTNERS 7
CALAMOS INVESTMENTS 7
CANDRIAM INVESTORS GROUP 7
CAPITAL STRATEGIES 7
CAPITAL GROUP 7
CARMIGNAC 7
COLUMBIA THREADNEEDLE 7
CULLEN 16
DIMENSIONAL FUND ADVISORS 16
DOUBLELINE 16
DWS 16
EATON VANCE 16
FRANKLIN TEMPLETON 16
GAM 16
GOLDMAN SACHS 16
ASSET MANAGER’S GUIDE
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HSBC ASSET MANAGEMENT 16
INVESCO 17
INVESTEC ASSET MANAGEMENT 17
JANUS HENDERSON INVESTORS 17
J.P. MORGAN ASSET MANAGEMENT 17
JUPITER ASSET MANAGEMENT 17
LA FRANÇAISE 17
LARRAINVIAL ASSET MANAGEMENT 17
LAZARD ASSET MANAGEMENT 17
LEGG MASON GLOBAL ASSET MANAGEMENT 26
LORD ABBETT 26
MAN GROUP 26
MATTHEWS ASIA 26
MERIAN GLOBAL INVESTORS 26
MFS INTERNATIONAL 26
M&G INVESTMENTS 26
MORGAN STANLEY INVESTMENT MANAGEMENT 26
MUZINICH 27
NATIXIS INVESTMENT MANAGERS 27
NEUBERGER BERMAN 27
NN INVESTMENT PARTNERS 27
NUVEEN INVESTMENTS 27
PICTET ASSET MANAGEMENT 27
PIMCO 27
PINEBRIDGE INVESTMENTS 27
ROBECO 40
RWC PARTNERS 40
SCHRODERS 40
SEI 40
THORNBURG INVESTMENT MANAGEMENT 40
VANGUARD 40
VIRTUS INVESTMENT PARTNERS 40
VONTOBEL 40
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ABERDEEN STANDARD INVESTMENTS1395 Brickell Ave Suite 900Miami, FL 33131Tel: +(1) 305 607 3238
712 Fifth Avenue51st FloorNew York, NY 10019Tel: +(1) 212 776 9078
Menno de Vreeze Head of Business Development (Miami)International Wealth Management - [email protected] Almirall Business Development Manager (Miami)International Wealth Management - Miami and [email protected] Zamudio Senior Business Development Manager (NYC)International Wealth Management Miami, New York, Texas and [email protected]
ALLIANCE BERNSTEIN701 Brickell AvenueSuite 2240Miami, FL 33131Tel: +(1) 305 530 6265
Miguel RozensztrochSenior Managing Director - Head of N.A. Institutions, South/Central America & [email protected] LuckfieldManaging Director - NRC [email protected]
ALLIANZ GLOBAL INVESTORSAllianz Global Investors Distributors, LLC1221 Brickell AvenueSuite 900Miami, Fl. 33131Tel: +(1) 305 347 5165
Alberto D’AveniaManaging Director - Head of US NRB and LatAm [email protected]
AMUNDI PIONEER1111 Brickell AvenueSuite 1500Miami, FL 33131Tel : +(1) 305 982 1553
Laura PalmerHead of U.S. Intermediary and Offshore [email protected] G. JohnstonRegional Director, Sales Manager for Miami [email protected]
AXA INVESTMENT MANAGERS100 West Putnam Ave4th FloorGreenwich, CT 06830 USA Tel: +(1) 203 983 4273
Rafael TovarDirector, US Offshore [email protected]
BLACKROCKPark Avenue Plaza55 East 52nd StreetNew York, NY 10055Tel: +(1) 305 728 1189
Jordie OlivellaHead of Offshore Wealth Field Sales [email protected]
BNY MELLON INVESTMENT MANAGEMENTJose Abascal 45Madrid 28003Tel: +(34) 91 744 5800
*Distributed by Unicorn Strategic Partners
ASSET MANAGER’S GUIDE
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Sasha EversManaging Director Iberia & Latin [email protected] AyastuyManging [email protected] J. KearnsHead of US Offshore [email protected]
BRANDES INVESTMENTS PARTNERSMadridTel : +(34) 91 622 60 37
Jorge ClaveriaBusiness [email protected]
CALAMOS INVESTMENTS2020 Calamos CourtNaperville IL 60563Tel: +(1) 630.955.4899 x 3941
Carlos SorianoInvestment Consultant - [email protected]
CANDRIAM INVESTORS GROUP51 Madison AvenueNew York, NY 10010Tel: +(1) 212 576 3382
Keith DixsonHead of International [email protected]
CAPITAL STRATEGIESMadridTel: +(34) 620 55 72 42
Jorge BenguriaPartner - US & Latam [email protected]
CAPITAL GROUPNew YorkTel: +(1) 646 265 9699Miami Tel: +(1) 305 202 2913
Jameel JiwaniRegional Vice President - Offshore New York, Texas and [email protected]
Luis ArochaRegional Vice President - Miami and [email protected]
CARMIGNAC1441 Brickell AvenueSuite 1520Miami, FL 33149Tel: +(1) 786 814 5970
Charlotte Samson Head of US Offshore & Latam [email protected] O’SuilleabhainBusiness Development [email protected] StockallBusiness Development [email protected]
COLUMBIA THREADNEEDLEMadridTel: +(34) 911 873 102
Rubén GarcíaHead of Iberia & Latam [email protected]
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COMPANY INFORMATION
Miami Office:
Aberdeen Standard InvestmentsQuest Workspaces, 1395 Brickell Avenue, Suite 900, Miami, FL 33131
Telephone +1 305 200 8699
Web aberdeenstandard.com/en-us/us/international-wealth-mgt
Chief Executive Officer Keith Skeoch
Chairman of Standard Life Aberdeen Douglas Flint
Data as 30 June 2019
Assets Under Management
669.1 US$ bn
Investment professionals
1,000+
Client relationships offices
48Clients across
80 Countries
Strategic partnersin the UK, Japan, India, US,Canada, China and Australia
Important information. Past performance is not an indication of future results.Not for U.S. Investors. The above is for informational purposes only and should not be considered as an offer, or solicitation, to deal in any of the investments mentioned herein. Aberdeen Standard Investments (ASI) does not warrant the accuracy, ade-quacy or completeness of the information and materials contained in this document and expressly disclaims liability for errors or omissions in such information and materials.Some of the information in this document may contain projections or other forward-looking statements regarding future events or future financial performance of countries, markets or companies. These statements are only predictions and actual events or results may differ materially. The reader must make his/her own assessment of the relevance, accuracy and adequacy of the information contained in this document, and make such independent investigations as he/she may consider necessary or appropriate for the purpose of such assessment.Any opinion or estimate contained in this document is made on a general basis and is not to be relied on by the reader as advi-ce. Neither ASI nor any of its agents have given any consideration to nor have they made any investigation of the investment objectives, financial situation or particular need of the reader, any specific person or group of persons. Accordingly, no warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of the reader, any person or group of persons acting on any information, opinion or estimate contained in this document.
ABOUT USAberdeen Standard Investments is a leading global asset manager, dedicated to creating long-term value for our clients, as their investment needs are at the centre of all we do. To achieve this, we offer a comprehensive range of investment capabilities, as well as the very highest level of service and support.
OUR HERITAGEOur heritage dates back nearly two centuries. Standard Life was founded in 1825 and has grown through innovation and diversification. In 1998, Standard Life Investments launched as a separate company, rapidly becoming a leading global asset manager. Aberdeen Asset Management was formed in 1983 and has grown from a pioneer investor in Asian and emerging markets into a full-service investment house.
The Aberdeen Standard Investments brand was created in connection with the merger of Aberdeen Asset Management Plc and Standard Life Plc on 14 August 2017 to form Standard Life Aberdeen Plc. The company’s headquarters are in Scotland and it is listed on the London Stock Exchange. Aberdeen Standard Investments recently celebrated its 20th Anniversary in the Latin American Institutional Business.
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ASSET MANAGER’S GUIDE
Focus Funds
• Aberdeen Standard SICAV I - Frontier Bonds • Aberdeen Standard SICAV I - Emerging Markets Corporate Debt • Aberdeen Standard SICAV I - Diversified Growth and Diversified Income • Aberdeen Standard SICAV I - North American Smaller Companies Fund• Aberdeen Standard SICAV I - China A share equity
OUR APPROACHWe are high-conviction, long-term investors that seek to realise the value of our clients’ investments over time. In our view, teamwork and collaboration between investment managers and across asset classes is the key to delivering robust investment performance. We are also resolute in our commitment to active asset management.
We recognise that the investment landscape can change rapidly and that our clients’ needs are continuously evolving. With our global reach and scale,
we have the resources and expertise to transform new investment ideas into practical investment solutions that can offer real value.
Following the global financial crisis, the value of global investment assets comprising ‘new active’ investment solutions – those that focus on the specific outcomes that investors wish to achieve – has almost doubled. New active solutions now represent almost half of all industry assets managed globally and we are committed to further
developing and delivering these solutions for our clients.
GLOBAL PRESENCEOur global presence ensures we are always close to our clients and the markets in which they invest. Complementing this is our joint venture in India, HDFC Asset Management Company, in addition to a number of strategic partnerships across the globe. These play a key role in our global distribution model and are an effective way to support the needs of our institutional, wholesale, pension and retail clients.
ABERDEEN STANDARD INVESTMENTS INTERNATIONAL WEALTH MANAGEMENT TEAM
Menno de VreezeHead of Business Development, International Wealth Management - AmericasTel: + 305 200 8699 / Mob: +1 917 856 9116 [email protected]
Damian ZamudioSenior Business Development Manager, International Wealth Management Tel: +1 212 776 1182 / Mob:+1 619 307 0919 [email protected]
Kevin Pena Business Development Associate,International Wealth Management Tel: +1 305 200 8687 / Mob: +1 305 299 [email protected]
Antonio A Almirall Business Development ManagerAmericas Distribution Tel: +1 305 607 [email protected]
Daniel XavierBusiness Development Associate, BrazilTel: +55 11 3956 1113
Aberdeen Standard Investments (ASI) offers a variety of products and services intended solely for investors from certain countries or regions. Your country of legal residence will determine the products or services that are available to you. Nothing in this document should be considered a solicitation or offering for sale of any investment product or service to any person in any jurisdiction where such solicitation or offer would be unlawful.The information contained herein is intended to be of general interest only and does not constitute legal or tax advice. The reader must make his/her own assessment of the relevance, accuracy and adequacy of the information provided and make such such inde-pendent investigations, as he/she may consider necessary or appropriate for the purpose of such assessment.Before investing, investors should consider carefully the investment objective, risks, charges, and expenses of a fund. This and other important information is contained in the prospectus, which can be obtained from a financial advisor and are also available on www.aberdeenstandard.com. Prospective investors should read the prospectus carefully before investing.US-101219-105638-1
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COMPANY INFORMATION
Headquarters
Allianz Global Investors1221 Brickell Avenue - Suite 900Miami, FL 33131
Telephone (786) 877 - 7724
Web https://us.allianzgi.com/offshore
Assets Under Management
608 US$ bn
Investment Professionals
800+Locations Worldwide
25Relationship Managers
676
Average PM Tenure
10+ Years
Parent Company History
125 Years
ACTIVE IS: CREATING AND SHARING VALUE
Active is how we create and share value with clients. We believe in solving, not selling. And in adding value beyond pure economic gain. We invest for the long-term, employing our innovative investment expertise and global resources. Our goal is to ensure a superior experience for our clients wherever they are based and whatever their investment needsActive is: Allianz Global Investors
• BROAD RANGE OF ASSET CLASSES
• LARGE SPECTRUM OF INVESTMENT STYLES
• A CULTURE OF RISK MANAGEMENT
• AN ESG PIONEER SINCE 2000
Focused on Active Management
Mobile: (786) 877-7724 [email protected]
Managing Director, Head of US NRB and
LatAm Retail
Alberto D’Avenia
Josh Sylvester CFP®, CIMA®
Director Non-Resident Business and LatAm Retail Mobile: (530) 321-2535 [email protected]
Daniel Menoni, Non-Resident Business and LatAm Retail Mobile: (646) [email protected]
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ASSET MANAGER’S GUIDE
Why partner with us?
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ASSET MANAGER’S GUIDE
Key strengths: expertise where its matters most
Focus
Investment and advisory alpha
• Putting clients front and center
• Investing with conviction
Customized solutions
• Solving, not selling
• Asking the relevant questions
Global resources, local delivery
• Sharing insights• Single global
investment platform
Superior client experience
• Going the extra mile
WHY PARTNER WITH US?
Alternatives USD 77bn
Multi-Asset USD 162bnFixed Income* USD 219bnEquities USD 163bn
STRATEGIES
Allianz Income and Growth
Allianz Short Duration High Income
Allianz Europe Equity Growth Select
Allianz Global Artificial Intelligence
Allianz Dynamic Asian High Yield
Allianz Structured Alpha
Allianz Dynamic Multi Asset Strategy
Allianz Global Multi-Asset Credit
Allianz Global High Yield
Allianz Global Floating Rate Notes Plus
Allianz Global Equity Unconstrained
Allianz European Equity Dividend
Allianz US Fixed Income
INVESTMENTS DIVERSIFIED ACROSS ASSET CLASSES
26%
36%
26%
12%
Strategies
EQUITIES -Allianz China A shares -Allianz Europe Equity Growth Select -Allianz European Equity Dividend -Allianz Global Artificial Intelligence -Allianz Global Equity Unconstrained -Allianz Thematica -Allianz Global Water
FIXED INCOME -Allianz Global Floating Rate Notes Plus -Allianz Global Multi- Asset Credit
-Allianz Selective Global High Yield -Allianz Green Bond -Allianz US Short Duration High Income
MULTI ASSET -Allianz Income and Growth -Allianz Strategy 15 -Allianz Strategy 50 -Allianz Strategy 75
ALTERNATIVES -Allianz Structured Alpha US Equity 250 -Allianz Structured return -Private Placements
*Data as of September 30, 2019**Includes money marketSource: Allianz Global Investors
This communication’s sole purpose is to inform and does not under any circumstance constitute promotion or publicity of Allianz Global Investors products and/or services in Colombia or to Colombian residents pursuant to part 4 of Decree 2555 of 2010. This communication does not in any way aim to directly or indirectly initiate the purchase of a product or the provision of a service offered by Allianz Global Investors. Via reception of his document, each resident in Colombia acknowledges and accepts to have contacted Allianz Global Investors via their own initiative and that the communica-tion under no circumstances does not arise from any promotional or marketing activities carried out by Allianz Global Investors. Colombian residents accept that accessing any type of social network page of Allianz Global Investors is done under their own responsibility and initiative and are aware that they may access specific information on the products and services of Allianz Global Investors. This communication is strictly private and confidential and may not be reproduced. This communication does not constitute a public offer of securities in Colombia pursuant to the public offer regulation set forth in Decree 2555 of 2010. This communication and the information provided herein should not be considered a solicitation or an offer by Allianz Global Investors or its affiliates to provide any financial products in Panama, Peru, and Uruguay. This document is being distributed by Allianz Global Investors U.S. LLC. #
ASSET MANAGER’S GUIDE
Key strengths: expertise where its matters most
Focus
Investment and advisory alpha
• Putting clients front and center
• Investing with conviction
Customized solutions
• Solving, not selling
• Asking the relevant questions
Global resources, local delivery
• Sharing insights• Single global
investment platform
Superior client experience
• Going the extra mile
WHY PARTNER WITH US?
Alternatives USD 90bn Multi-Asset USD 156bnFixed Income* USD 219bnEquities USD 143bn
STRATEGIES
Allianz Income and Growth
Allianz Short Duration High Income
Allianz Europe Equity Growth Select
Allianz Global Artificial Intelligence
Allianz Dynamic Asian High Yield
Allianz Structured Alpha
Allianz Dynamic Multi Asset Strategy
Allianz Global Multi-Asset Credit
Allianz Global High Yield
Allianz Global Floating Rate Notes Plus
Allianz Global Equity Unconstrained
Allianz European Equity Dividend
Allianz US Fixed Income
INVESTMENTS DIVERSIFIED ACROSS ASSET CLASSES
24%
36%
25%
15%
This communication's sole purpose is to inform and does not under any circumstance constitute promotion or publicity of Allianz Global Investors products and/or services in Colombia or to Colombian residents pursuant to part 4 of Decree 2555 of 2010. This communication does not in any way aim to directly or indirectly initiate the purchase of a product or the provision of a service o�ered by Allianz Global Investors. Via reception of his document, each resident in Colombia acknowledges and accepts to have contacted Allianz Global Investors via their own initiative and that the communication under no circumstances does not arise from any promotional or marketing activities carried out by Allianz Global Investors. Colombian residents accept that accessing any type of social network page of Allianz Global Investors is done under their own responsibility and initiative and are aware that they may access speci�c information on the products and services of Allianz Global Investors. This communication is strictly private and con�dential and may not be reproduced. This communication does not constitute a public o�er of securities in Colombia pursuant to the public o�er regulation set forth in Decree 2555 of 2010. This communication and the information provided herein should not be considered a solicitation or an o�er by Allianz Global Investors or its a�liates to provide any �nancial products in Panama, Peru, and Uruguay. This document is being distributed by Allianz Global Investors U.S. LLC.
Investments DiversifiedAcross Asset Classes*
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ASSET MANAGER’S GUIDE
Key strengths: expertise where its matters most
Focus
Investment and advisory alpha
• Putting clients front and center
• Investing with conviction
Customized solutions
• Solving, not selling
• Asking the relevant questions
Global resources, local delivery
• Sharing insights• Single global
investment platform
Superior client experience
• Going the extra mile
WHY PARTNER WITH US?
Alternatives USD 77bn
Multi-Asset USD 162bnFixed Income* USD 219bnEquities USD 163bn
STRATEGIES
Allianz Income and Growth
Allianz Short Duration High Income
Allianz Europe Equity Growth Select
Allianz Global Artificial Intelligence
Allianz Dynamic Asian High Yield
Allianz Structured Alpha
Allianz Dynamic Multi Asset Strategy
Allianz Global Multi-Asset Credit
Allianz Global High Yield
Allianz Global Floating Rate Notes Plus
Allianz Global Equity Unconstrained
Allianz European Equity Dividend
Allianz US Fixed Income
INVESTMENTS DIVERSIFIED ACROSS ASSET CLASSES
26%
36%
26%
12%
#
ASSET MANAGER’S GUIDE
Key strengths: expertise where its matters most
Focus
Investment and advisory alpha
• Putting clients front and center
• Investing with conviction
Customized solutions
• Solving, not selling
• Asking the relevant questions
Global resources, local delivery
• Sharing insights• Single global
investment platform
Superior client experience
• Going the extra mile
WHY PARTNER WITH US?
Alternatives USD 90bn Multi-Asset USD 156bnFixed Income* USD 219bnEquities USD 143bn
STRATEGIES
Allianz Income and Growth
Allianz Short Duration High Income
Allianz Europe Equity Growth Select
Allianz Global Artificial Intelligence
Allianz Dynamic Asian High Yield
Allianz Structured Alpha
Allianz Dynamic Multi Asset Strategy
Allianz Global Multi-Asset Credit
Allianz Global High Yield
Allianz Global Floating Rate Notes Plus
Allianz Global Equity Unconstrained
Allianz European Equity Dividend
Allianz US Fixed Income
INVESTMENTS DIVERSIFIED ACROSS ASSET CLASSES
24%
36%
25%
15%
This communication's sole purpose is to inform and does not under any circumstance constitute promotion or publicity of Allianz Global Investors products and/or services in Colombia or to Colombian residents pursuant to part 4 of Decree 2555 of 2010. This communication does not in any way aim to directly or indirectly initiate the purchase of a product or the provision of a service o�ered by Allianz Global Investors. Via reception of his document, each resident in Colombia acknowledges and accepts to have contacted Allianz Global Investors via their own initiative and that the communication under no circumstances does not arise from any promotional or marketing activities carried out by Allianz Global Investors. Colombian residents accept that accessing any type of social network page of Allianz Global Investors is done under their own responsibility and initiative and are aware that they may access speci�c information on the products and services of Allianz Global Investors. This communication is strictly private and con�dential and may not be reproduced. This communication does not constitute a public o�er of securities in Colombia pursuant to the public o�er regulation set forth in Decree 2555 of 2010. This communication and the information provided herein should not be considered a solicitation or an o�er by Allianz Global Investors or its a�liates to provide any �nancial products in Panama, Peru, and Uruguay. This document is being distributed by Allianz Global Investors U.S. LLC.
Customized risk analysis and portfolio modelling through risklabtm
ABOUTBlackRock is entrusted to manage more money than any other investment firm with $6.96* trillion of assets under management.
We are global leaders in investment management, risk management and advisory services in more than 30 countries worldwide, with a singlular fiduciary goal of helping clients to meet their goals and overcome investment challenges. Our dedicated team across Latin America has built trusted relationships with industry leaders, financial institutions, governments and private clients, demonstrating a long-standing commitment to the region. BlackRock has 247 employees based in the region across 8 offices.
INVESTMENTSAt BlackRock, we look to understand the outcome each client is looking to achieve with a strong focus on performan-ce by taking a whole portfolio solution approach. Our invest-ment platform consists of:
Active Mutual FundsLed by our renowned team
of portfolio managers, our mutual fund platform provides access to one of the globe’s largest offerings of investments abroad. These capabilities are found across our active equity platform ($290bn*), the active fixed income platform ($931bn*), as well as BlackRock’s growing multi-asset platform ($527bn*).
Index EII & iShares Funds iShares has over 700 ETFS globally and more than $2 trillion in assets under management*. Latin American investors are accelerating their investments into UCITS iShares ETFs. Today, they hold 26% of their iShares ETF allocation in UCITs, up from 3% in 20141.
The EII platform, which helps investors build better portfolios with the industry’s leading suite of index investment tools, helps clients around the world build the core of their portfolios, meet specific investment goals and implement market views. These index investment tools are delivered across all asset classes and investment forms including collective funds,
separate accounts, index funds and ETFs.
Alternative InvestmentsBlackRock offers access to a broad spectrum of alternative investments —including real assets, private equity, private credit, direct hedge funds, and hedge fund solutions. With $295bn* client assets globally, we take a consultative approach to helping our global client base build alternatives portfolios.
BlackRock’s fiduciary mind-set and innovative spirit make us positioned to deliver alternative investments that are reliable, transparent and integrated.
Model Portfolios BlackRock’s Model Portfolios Platform aims to provide multi-asset investment strategies that can help you scale your practice and address client goals, all through leveraging BlackRock’s portfolio construction expertise. Through Model Portfolios, BlackRock delivers world- class investment research, in addition to unique risk analytics and technology.
COMPANY INFORMATION
Founded: 1988
Locations across Latin America: Argentina, Brazil, Chile, Colombia, Peru, US (Miami & NYC), Mexico
Website: www.blackrock.com/americas-offshore
BlackRock CEO & Founder: Larry Fink
Head of BlackRock Latin America: Dominik Rohe
© 2019 BlackRock. All Rights ReservedInvestment involves risk, including risk of loss of capital. Past performance is not indicative of future performance. In Latin America, for institutional investors and financial intermediaries only. This material is for educational purposes only and does not constitute an offer or solicitation to sell or a solicitation of an offer to buy any shares of any fund or security and it is your responsibility to inform yourself of, and to observe, all applicable laws and regulations of your relevant jurisdiction. If any funds are mentioned or inferred in this material, such funds have not been registered with the securities regulators of Brazil, Chile, Colombia, Mexico, Panama, Peru, Uruguay or any other securities regulator in any Latin American country and thus, may not be publicly offered in any such countries, except for Chile where certain funds have been registered with the Superintendencia de Valores y Seguros for public offering and in Mexico where certain funds have been listed on the Sistema Internacional de Cotizaciones (SIC) exchange of Mexico. It is your responsibility to inform yourself of, and to observe, all applicable laws and regulations of Mexico. If any funds, securities or investment strategies are mentioned or inferred in this material, such funds, securities or strategies have not been registered with the National Banking and Securities Commission (Comisión Nacional 12
1. Figures based on iShares and BlackRock ETF asset data, as a proxy for overall market
Managed Accounts Our separately managed accounts (SMAs) are the investment vehicle of choice among high net worth individuals seeking sophisticated investment solutions and direct ownership of securities in their accounts. BlackRock manages over $90bn in assets* and has over 40 local portfolio managers dedicated to the SMA business.
ADVISORYOur dedicated team of BlackRock consultants provide clients with premium access to comprehensive, objective, institutional-caliber portfolio and investment expertise, powered through our Aladdin® technology.
RISK MANAGEMENTRisk management is the founding principal of BlackRock. The Aladdin® platform combines sophisticated riskanalytics with comprehensive
portfolio management, trading and operations tools to power informed decision-making, effective risk management, efficient trading and operational scale.
THOUGHT LEADERSHIPAt the heart of BlackRock lies our BlackRock Investment Institute (BII) which leverages
the firm’s expertise and generates proprietary research to provide insights on the global economy, markets, geopolitics and long-term asset allocation – all to help our clients and portfolio managers navigate financial markets.
Focus Active Strategies
Fixed IncomeMulti-AssetAlternatives Sector Funds
Focus Indexing Strategies
Managed Index Portfolios Accumulating UCITS ETFs Fixed Income ETFs Core ETFsFactor ETFs Megatrend ETFs
Head of the Wealth Client Business for Latin America: West Lockhart
BlackRock Offshore Hotline: 212 810 5900 BlackRock Offshore Email: [email protected]
Home Office & Key Accounts• Josean Fernandez
Head of the Offshore Sales team• Jordie Olivella
West Coast• Manolo Seidner
New York• Joel Fernandez
Miami• Karim Salazar-Antoni
[email protected] • Jenny Riera
[email protected]• Jaime Estevez
BLACKROCK OFFSHORE TEAM
Bancaria y de Valores, the “CNBV”) and thus, may not be publicly offered in Mexico. The CNBV has not confirmed the accuracy of any information contained herein. The provision of investment management and investment advisory services is a regulated activity in Mexico, subject to strict rules, and performed under the supervision of the CNBV. BlackRock Mexico, S.A. de C.V., Asesor en Inversiones Independiente (“BLKMX”) is a Mexican subsidiary of BlackRock, Inc., registered with the CNBV as an independent investment advisor under registration number 30088-001-(14085)-20/04/17, and as such, authorized to provide Investment Advisory Services. BlackRock México Operadora, S.A. de C.V., Sociedad Operadora de Fondos de Inversión (“BlackRock MX Operadora” and together with BLKMX, “BlackRock México”) are Mexican subsidiaries of BlackRock, Inc., authorized by the CNBV. For more information on the investment services offered by BlackRock Mexico, please review our Investment Services Guide available in www.BlackRock.com/mx. This material represents an assessment at a specific time and its information should not be relied upon by you as research or investment advice regarding the funds, any security or investment strategy in particular. Reliance upon information in this material is at your sole discretion. BlackRock México is not authorized to receive deposits, carry out intermediation activities, or act as a broker dealer, or bank in Mexico. For more information on BlackRock México, please visit: www.BlackRock.com/mx. Further, BlackRock receives revenue in the form of advisory fees for our mutual funds and exchange traded funds and management fees for our collective investment trusts.
*All data as of September 30, 2019. Source: BlackRock. All dollar figures are in US dollars.
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ASSET MANAGER’S GUIDE
1. Figures based on iShares and BlackRock ETF asset data, as a proxy for overall market
MKTGH1219L-1025614
Founded in the US in 1931, Capital Group is one of the world’s largest independent investment managers, with more than US$1.9 trillion of assets under management of which US$1.6 trillion is in equity; US$349 billion in fixed income2 and US$410 in multi-asset strategies3. Throughout our history of more than 85 years, our aim has always been to deliver superior, consistent results for long-term investors.
The stability of our privately owned organisation and our singular investment focus have enabled us to maintain a long-term perspective throughout the decades.
We believe this helps to align our goals with the interests of our clients. The majority of our portfolio managers and analysts have witnessed se-veral market cycles and have been with Capital Group for many years.
Our investment process is designed to enable individual investment professionals to act on their highest convic-tions, while limiting the risk associated with isolated de-cision-making. Fundamental proprietary research provi-ded by our global network of experienced investment analysts forms the backbone of our approach.
We build our investment stra-tegies with durability in mind, backed by our experience in varying market conditions. To this end, we believe that our strategies are well suited to deal with today’s challen-ges of looking for sources of income in a lower-yielding environment and accessing growth with a less volatile profile of returns.
To find out more about our fund range, please contact us.
14
COMPANY INFORMATION Headquarter
Capital Group 333 S. Hope Street, 53rd Floor, Los Angeles, CA 90071
IMPROVING PEOPLE’S LIVES THROUGH SUCCESSFUL INVESTING.
15
ASSET MANAGER’S GUIDE
Past results are not a guarantee of future results. All data as at 30 June 2019 unless otherwise stated. Source: Capital GroupThe Capital Group companies manage equities through three investment divisions that make investment and proxy voting decisions independently. Fixed income investment professionals provide fixed income research and investment management across the Capital organisation; however, for securities with equity characteristics, they act solely on behalf of one of the three equity investment groups.
1. Source: Strategic Insight’s (SI) Simfund Global Pro database. SI is an Asset International Company.2. Assets managed by Capital Fixed Income Investors.3. Represents a proportion of the total equity and fixed income assets.
FOR ADVISOR USE ONLY – NOT FOR PUBLIC DISRIBUTION
Risk factors you should consider before investing:
• This material is not intended to provide investment advice or be considered a personal recommendation.• The value of investments and income from them can go down as well as up and you may lose some or all of your initial investment.• If the currency in which you invest strengthens against the currency in which the underlying investments of the fund are made, the value of your investment will decrease.• Depending on the strategy, risks may be associated with investing in fixed income, emerging markets and/or high-yield securities; emerging markets are volatile and may suffer from liquidity problems.
This material, issued by Capital International Management Company Sàrl (“CIMC”), 37A avenue J.F. Kennedy, L-1855 Luxembourg, is distributed for information purposes only. CIMC is regulated by the Commission de Surveillance du Secteur Financier (“CSSF” – Financial Regulator of Luxembourg) and is a subsidiary of the Capital Group Companies, Inc. (Capital Group). This communication is intended for professional investors only and should not be relied upon by retail investors. While Capital Group uses reasonable efforts to obtain information from sources which it believes to be reliable, Capital Group makes no representation or warranty as to the accuracy, reliability or completeness of the information. This communication is not intended to be comprehensive or to provide investment, tax or other advice. © 2019 Capital Group. All rights reserved.
Jameel JiwaniRegional vice president
Offshore – New York
Tel: +1 212 641 1780Mob: +1 646 265 9699
Luis ArochaRegional vice president
Offshore – Miami
Mob: +1 305 202 [email protected]
Paulino MedinaRegional vice president
Offshore – Texas, Arizona & California
Mob: +1 832 886 [email protected]
Contact Us
16
CULLEN645 Fifth AvenueSuite 700New York, NY 10022Tel: +(1) 212 644 1800
Andrew PrescottTel: +(1) 395 798 [email protected] RindTel: +(1) 631 807 [email protected]
DIMENSIONAL FUND ADVISORSPalisades West, 6300 Bee Cave RoadBuilding OneAustin, TX 78746Tel: +(1) 512 306 5917
Javier ArriagadaRegional Director - Latin America & [email protected]
DOUBLELINE333 South Grand Avenue18th FloorLos Angeles, CA USATel: +(1) 646 675 3042
Joel PeñaUS Offshore, Canada & Latin [email protected]
DWS345 Park Avenue25th floorNew York, NY 10054Tel: +(1) 212 454 0285
Jesús Martín del BurgoHead of coverage Latin America and US [email protected]
EATON VANCETwo International Place Boston, MA 02110Tel: +(1) 305 240 1920
Juan GarciaAssociate Regional Sales RepresentativeOffshore [email protected]
FRANKLIN TEMPLETON100 Fountain Pkwy2nd floorSt. Petersburg, FL 33716Tel: +(1) 727 299 3313
Shane CunninghamNational Sales Manager US Offshore [email protected]
GAMOne Rockefeller Plaza21st FloorNew York, NY 10020Tel: +(1) 212 407 4610
Carmen van Roon Pence CAIADirector - Intermediary [email protected] VaitukaitisDirector – Intermediary [email protected]
GOLDMAN SACHSMadridTel: +(34) 91 700 6000
Lucia CatalánHead of Iberia & Latin America Third Party [email protected]
HSBC ASSET MANAGEMENT452 Fifth Ave. 7th Floor NewYork, NY 10018Tel: +(1) 212 525 6054
Shadia FayadInstitutional [email protected]
ASSET MANAGER’S GUIDE
17
INVESCO11 Greenway PlazaSuite 1000Houston, TX 77046Tel: + (1) 212-323-4015
Rhett BaughanHead of International [email protected] Del Rio, CFAVice President, NRC Senior Advisor [email protected] Giz, CIMARegional Advisor Consultant - US Offshore Internal [email protected]
INVESTEC ASSET MANAGEMENT666 Fifth Avenue 37th FloorNew York, NY 10103Tel: +(1) 917 206 5179
Richard GarlandManaging Director, Global [email protected]
JANUS HENDERSON INVESTORSLondonTel: +(44) 207 818 6458
Ignacio De La Maza Head of Continental Europe Wholesale & [email protected]
J.P. MORGAN ASSET MANAGEMENT277 Park Avenue8th FloorNew York, NY 10172Tel: +(1) 212-648-2513
John H. OestreicherExecutive [email protected]
Philip JudsonExecutive Director - Head of [email protected]
JUPITER ASSET MANAGEMENT*The Zig Zag Building70 Victoria StreetLondon, SW1E 6SQTel: +44 (0) 20 3817 1000
William LopezHead of Latin America and US [email protected]
*Distributed by Atlantic Zagros Financial Partners
LA FRANÇAISECastellana 9228046 MadridTel: +(34) 91 76 97 902
Gerardo DuplatHead of Business Development Iberia & Latin [email protected]
LARRAINVIAL ASSET MANAGEMENT990 Biscayne Boulevard O-901Miami FL, 33132
Sebastián VélizTel: [email protected]
LAZARD ASSET MANAGEMENT777 Brickell AvenueMiami, FL 33131Tel: +1 212 632 1325Cell: + 1 732 325 5899
Eduardo MoraNorth America Offshore [email protected]
• Draw from 70+ years of investing experience with a track record of customer-focused innovation
• US $692.6B in total assets under management (AUM) 3
• US $175.5B in institutional AUM 3
• 42 research offices 3
• Serve clients in over 170 countries• On the ground presence in 35 countries 3, covering 84% of global GDP
AMERICAS OFFSHORE SALES
Contact Us
Franklin Templeton Investments100 Fountain Parkway, St. Petersburg, FL 33716
Telephone (800) 233-9796
Web templetonoffshore.com
Shane Cunningham SVP – National Sales
ManagerAmericas Offshore
18
GLOBAL SCALE ANDLOCAL INSIGHTS
Franklin Templeton pioneered international investing over 60 years ago, and our ex-pertise in emerging markets spans more than a quarter of a century. Our investment pro-fessionals are on the ground across the globe, spotting in-
vestment ideas and potential risks first hand and sharing their best thinking across our global research network. This firsthand understanding of local culture, companies and economies makes us uniquely positioned to spot smart global investments others might miss.
LOCAL INVESTMENT CAPABILITIES
Americas Offshore offices provide unparalleled support of our distribution partners across North and South America. By employing an experienced and multicultural staff for Fund Accounting, Client Services, Risk Manage-
EVERYTHING WE DO HAS A SINGLE FOCUS: TO DELIVER BETTER CLIENT OUTCOMES
We powerfully link the capabilities of specialized investment teams to unlock opportunities and deliver solutions
We harness the best thinking of our 600+ investment professionals around the globe 2
We continuously evolve while staying true to our core values
A truly global organization, Franklin Templeton is the world’s top cross-border fund management group1.
1. As of April 2019. Based on findings from PwC’s 2019 Benchmark Your Global Fund Distribution Report which ranks asset mana-gers on the number of countries in which their cross-border funds are distributed. A cross-border fund is one that’s distributed in more than three countries, including its domicile.2. As of 09/30/19. Investment professionals include portfolio managers, portfolio managers/analysts, research analysts and tra-ders of Franklin, Templeton, Franklin Mutual Series, and subsidiary investment management groups.3. As of 09/30/19.
EQUITY
EXTENSIVE INVESTMENT CAPABILITIES
FIXED INCOME MULTI-ASSET ALTERNATIVES
• Value• Deep Value • Core Value • Blend GARP
Growth • Convertibles
Sector • Shariah Smart
Beta
• Government• Municipals• Corporate Credit• Bank Loans• Securitized• Multi-Sector• Currencies• Sukuk
• Commodities• Infrastructure• Real Estate• Hedge Funds• Private Equity• Private Debt
ASSET MANAGER’S GUIDE
19
ment, Legal & Compliance and Sales & Marketing, we ensure that we continue to meet the diverse and changing needs of our clients in each market.
We offer a breadth and depth of investment solutions across all major asset classes and product structures inclu-ding over 70 Offshore Funds, LAM “Local Asset Manage-ment” in 15 Countries with
Brazil and Mexico offerings, Institutional, ETFs and cus-tom mandates designed to serve a variety of client needs and risk appetites worldwi-de. Each of our investment groups follows an indepen-dent and distinct investment philosophy.
Successful investing begins with ambition. And achie-vement only comes when
you reach for it. So we never settle. We continually strive to deliver better outcomes for investors. No matter what your goals are, our deep, global investment expertise allows us to offer solutions that can help across invest-ment objective, sales region and client type.
For Professional Investor Use* All Investments are subject to risk, including the possible loss of principal
BROAD AND DIVERSIFIED ASSET BASEInvestment vehicles: Mutual Funds | ETFs | Separately Managed Accounts | Private Funds
Global investment platform:Research | Trading | Portfolio Compliance | Investment Risk Management
• Multi-Asset Income• Diversified
Outcome- Oriented• Risk Premia • Smart Beta• Balanced Allocation • Target Date/Risk
Model Portfolios • Inflation Protection
Managed Volatility
SPECIALIZED INVESTMENT TEAMS
• Franklin Equity Group
• Franklin Local Asset Management –
• Developed Markets Equity
• Franklin Local Asset Management –
• Fixed Income• Franklin Mutual
Series
• Franklin Real Asset Advisors
• Franklin Systematic
• Franklin Templeton Emerging Markets Equity
• Franklin Templeton Fixed Income Group
• Franklin Templeton • Multi-Asset
Solutions• Templeton Global
Equity Group• Templeton Global
Macro• Templeton Private
Equity Partners
• Benefit Street Partners
• Darby Overseas Investments
• Edinburgh Partners
• K2 Advisors
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For over 35 years we have employed an active investment management approach based on original thought, freedom of action and true conviction investing.
Our team consist of 155 investment professionals covering an extensive range of investment styles, asset classes and markets.
The core investment business is complemented by private labelling services, which include management company and other support services to third-party institutions.
GLOBAL PRESENCE AND REACH With around 850 people in 14 countries, we are a truly global firm in scale and resources, yet small enough to remain nimble and flexible to meet clients’ needs. We support our growth with an extensive distribution network which includes sales, marketing, product development and product management. Our investment professionals work from the global hubs of London, Cambridge, Zurich, Hong Kong, New York, Lugano and Milan.
INDEPENDENT As an independent asset manager we are able to pursue and develop our business without many of the constraints or pressures typically faced by asset managers that are embedded in large financial conglomerates. We believe this makes us an attractive home for investment talent.
Our processes and structures are designed to foster independent thinking and swift decision making within a tightly controlled risk framework. Our investment teams do not adhere to a particular ‘house style’. Instead, they are
COMPANY INFORMATION
GAM USA Inc. One Rockefeller Plaza, 21st Floor New York, NY 10020, USA
Telephone +1 (212) 407 4600
Website www.gam.com
E-Mail [email protected]
GAM INVESTMENTS IS ONE OF THE WORLD’S LEADING INDEPENDENT, PURE-PLAY ASSET MANAGERS. WE PROVIDE ACTIVE INVESTMENT SOLUTIONS AND PRODUCTS FOR INSTITUTIONS, FINANCIAL INTERMEDIARIES AND PRIVATE INVESTORS.
ASSET MANAGER’S GUIDE
encouraged to maximize the potential of their portfolios by developing their own high-conviction views of the markets.
COMPREHENSIVE PRODUCT RANGEOver more than three decades, we have developed a comprehensive range of
active investment strategies across asset classes and styles, with core capabilities in fixed income, equity, systematic, absolute return, alternatives and multi asset solutions.
PRODUCT INNOVATIONWe have always placed a strong emphasis on product
innovation. Our constant drive to look forward and to adapt to the needs of our clients helps us to capitalize on our strengths, addressing secular industry trends with innovative, appropriate solutions.
BROAD RANGE OF TRADITIONAL AND ABSOLUTE RETURN STRATEGIES
Fixed income
Developed mkts Europe Global Inflation linked North America
Emerging mkts Blend Credit Hard currency Local currency Inflation linked
Specialist ABS/MBS ILS/Cat bonds Convertibles Credit/high yield Real estate debt Trade Finance
Multi asset
Target return Defensive Core Plus
Flexible Benchmark constrained Benchmark unconstrained
Risk rated Defensive Cautious Balanced Growth Dynamic growth
Equity
Developed mkts Asia-Pacific Europe Global Japan North America
Emerging mkts Asia China Global
Thematic Healthcare Luxury brands Technology
Systematic
Diversified Macro Quantitative multi strategy
Equity Long only Long/short market neutral
Alternative risk premia
Alternatives
Alternative Investments Solutions Multi strategy Single strategy Advisory solutions
Commodities Commodities futures Physical metals
Absolute return
Equity long/short Emerging markets Europe Global Thematic
Macro/managed futures
Fixed Income
Currency & commodities
Alvaro Carbon RipepiExecutive Director, LatAm and Iberia T +34 91 140 [email protected]
Tomás del CampoClient Manager T +34 (0) 91 140 [email protected]
Andrea VaitukaitisDirector – Interm. SalesT +1 (0) 212 407 [email protected]
José Pedro JácomeClient Director T +44 (0) 20 7917 [email protected]
Ana Maria Servia BlancoOffice Manager T +34 (0) 91 140 [email protected]
Isabel NavalonClient Support Executive T +34 (0) 91 140 [email protected]
Juan Ramón Caridad, CAIA, MFIA Country Head Iberia + LatAm T +34 (0) 91 140 [email protected]
Carlos Álvarez García, MFIAClient ManagerT +34 (0) 91 140 [email protected]
Carmen van Roon Pence, CAIADirector – Interm. SalesT +1 (0) 212 407 [email protected]
Important legal informationThe information in this document is given for informational purposes only and does not qualify as investment advice. Opinions and assessments contained in this document may change and reflect the point of view of GAM in the current economic environment. No liability shall be accepted for the accuracy and completeness of the information. Past performance is no indicator for the cu-rrent or future development. Investments should be made only after thorough reading of the current statutory prospectus and/or the fund regulations, the KIID, the articles of association and the current annual and semi-annual report and following advice from an independent finance and tax specialist.
21
22
PURE FOCUS ON INVESTING We believe the best investment insights come from specialized investment teams with discrete investment perspectives, operating under a disciplined philosophy and process with strong risk oversight. Our pure focus on investment management eliminates the distractions that compromise results.
DEPTH OF INVESTMENT CAPABILITIES
We offer a wide range of single-country, regional and global capabilities across major equity, fixed income and alternative asset classes, delivered through a diverse set of investment vehicles.
ORGANIZATIONAL STRENGTH
As an independent firm, our global organization is solely focused on investment management. We direct all of our intellectual capital, global strength and operational stability toward helping clients achieve their investment objectives.
OUR COMMITMENT TO RESPONSIBLE INVESTING
Invesco has been managing various ESG strategies for over 30 years and promoting transparency.
COMPANY INFORMATION
Invesco Distributors, Inc. 11 Greenway Plaza, Ste. 1000, Houston, TX 77046
INVESCO IS AN INDEPENDENT INVESTMENT MANAGEMENT FIRM DEDICATED TO DELIVERING AN INVESTMENT EXPERIENCE THAT HELPS PEOPLE GET MORE OUT OF LIFE.
Assets Under Management, making Invesco the 13th largest asset manager globally by AUM
1.2 USD trillion
On-the-ground Presence
25+ countries
Serving Clients in
120+ countries
As of Sept. 30, 2019
Employees Worldwide
8,000+Investment Professionals
875+
ASSET MANAGER’S GUIDE
23
Investment risks. The value of investments and any income will fluctuate (this may partly be the result of exchange rate fluctuations) and investors may not get back the full amount invested. Important information. Where individuals or the business have expressed opinions, they are based on current market conditions, they may differ from those of other investment professionals and are subject to change without notice. For more information on our funds, please refer to the most up to date relevant fund and share class-specific Key Investor Information Documents, the latest Annual or Interim Reports and the latest Prospec-tus, and constituent documents. This information is available using the contact details of the issuer and is without charge. Further information on our products is available using the contact details shown.Additional information for financial intermediaries in the United States: This document is intended for distribution to US financial intermediaries for informational purposes and in relation to their activities with offshore clients only. The Funds are not registered under any US securities law, and may not be offered or sold directly or indirectly in the US, its territories or possessions, nor to any US persons, citizens or residents. The Funds are not offered for sale in any jurisdiction in which the Funds are not authorized to be publicly sold. The Funds are available only in jurisdictions where their promotion and sale is permitted. The Fund must not be marketed on US soil. This does not constitute a recommendation of any investment strategy or product for a particular investor. Investors should consult a financial professional before making any investment decisions. The investment performance is denominated in US Dollars. Investors whose primary currency is not in US Dollars should be mindful of potential expo-sure to fluctuations in exchange rates. For detailed information on the Fund, please read the most up to date relevant Fund and share class-specific Key Investor Information Document and Prospectus. This document does not form part of any prospectus.Issued in the US by Invesco Distributors, Inc., 11 Greenway Plaza, Suite 1000, Houston, Texas 77046, USA. Invesco Distributors, Inc. is the appointed US sub-distributor of the Invesco Funds, SICAV or the STIC Global Funds by Invesco Asset Management Limited in the UK. All entities are indirect, wholly owned subsidiaries of Invesco Ltd.
Rhett BaughanHead of US Offshore
Mobile: 404.775.3343
Ivan del RioSenior Advisor [email protected]
Mobile: 786.442.7573
Darlene GizInternal Support
[email protected]: 212.323.4015Mobile: 646.300.1821
Invesco US Offshore Sales Contacts
Our diversity across asset classes helps us deliver a diverse set of solutions to meet client needs
48%
23%
5%
8%
16% Equity
Fixed Income
Balanced
Money Market
Alternatives
Diversification
Active UCITS Funds
100+
Practice ManagementResourcesInvestment Solutions
Insights / Talks
Thought Leadership
At Janus Henderson we strongly believe in the value added by active manage-ment. We seek to give inves-tors an advantage through products shaped by deep analysis and innovative investment techniques, as well as by sharing portfolio manager thinking that cuts through the noise.
We seek to add value for clients in three ways:
ACTIVELY BLENDING THE ART AND SCIENCE OF INVESTING Our investment teams blend exhaustive research with intuition as they comb global markets for opportunities. Free from a restrictive house view, they apply rigorous approaches to portfolio construction and risk mana-gement, seeking to deliver dependable investment outcomes for clients.
OFFERING GLOBAL STRENGTH AND LOCAL SOLUTIONS We offer true global reach with a presence in all major markets, combined with the responsiveness, tailored solu-tions and personal touch you
would expect from a nimble, local partner.
OUR KNOWLEDGE. SHARED ETHOS We are committed to being insightful partners, empowe-ring our clients with practical perspectives to help make better investment and busi-ness decisions.
Key capabilitiesBy investing with Janus Hen-derson, investors can tap into the thinking of more than 360 investment professionals glo-bally*. Our investment teams seek to be at the forefront of
anticipating and adapting to change in order to actively manage portfolios and deliver market-leading, risk-adjusted returns.
Our Fixed Income capability is one of the industry leaders. With US$75bn* in assets un-der management we provide active solutions shaped by four decades of investing. From core and multi-sector investing to more focused portfolios, we offer innovative and differentiated techniques expressly designed to support our clients as they navigate each unique economic cycle.
24
COMPANY INFORMATION Headquarters
Janus Henderson Investors 201 Bishopsgate - London - EC2M 3AE - United Kingdom
Telephone +442078184411
Email [email protected]
*Source: Janus Henderson Investors, as at 30 September 2019
Strategies
Multi Sector Income
Global High Yield Bond
Strategic Bond
Global Life Sciences
Global Property Equities
US Forty
US Venture
Balanced
United Kingdom Absolute Return
Fixed Income
Equities
Multi-Asset
Alternatives
Client-focusedSaying “clients are central to everything we do” is a senti-ment commonly conveyed in our industry, but is an opera-ting philosophy in which we
have wholehearted conviction. We seek to collaborate with in-termediary partners to deliver appropriate solutions and pro-vide a comprehensive service to those invested directly in
our funds. We do not see this as a transactional relationship but seek to evolve according to client needs and share our managers’ thinking throughout the investment journey.
25
ASSET MANAGER’S GUIDE
I
Global strength, local solutions
Source: Janus Henderson Investors. Staff and AUM data as at 30 September 2019. AUM data excludes Exchange-Traded Note (‘ETN’) assets.
Team
Paul Brito Director Sales
Albert Maruri Director Salesalbert.maruri@
janushenderson.com
Jerry Fraustro Associate Director Sales
Maria Cordova Senior Sales Manager
Ignacio de la Maza Head Sales
Europe&LatamIgnacio.delamaza@
janushenderson.com
Carmen Otalvaro European investment services coordinator
For US Advisors to non-US Persons. Not for onward distribution. Past performance is not a guide to future performance. The performance data does not take into account the commissions and costs incurred on the issue and redemption of units. The value of an investment and the income from it can fall as well as rise and you may not get back the amount originally invested. Tax assumptions and reliefs depend upon an investor’s particular circumstances and may change if those circumstances or the law change. If you invest through a third party provider you are advised to consult them directly as charges, performance and terms and conditions may differ materially. Nothing in this document is intended to or should be construed as advice. This document is not a recommendation to sell or purchase any investment. It does not form part of any contract for the sale or purchase of any investment. The securities included in this document are not registered in the Foreign Securities Registry of the Superintendencia de Valores y Seguros for public offering and, therefore, the use of this document is only for general information purposes. Any investment application will be made solely on the basis of the information contained in the Fund’s prospectus (including all relevant covering documents), which will contain investment restrictions. This document is intended as a summary only and potential investors must read the Fund’s prospectus and key investor information document before investing. We may record telephone calls for our mutual protection, to improve customer service and for regulatory record keeping purposes.The Janus Henderson Fund (the “Fund”) is a Luxembourg SICAV incorporated on 26 September 2000, managed by Henderson Management S.A. A copy of the Fund’s prospectus, key investor information document, articles of incorporation, annual and semi-annual reports can be obtained free of cost from the Fund’s registered office in Luxembourg: 2 Rue de Bitbourg, L-1273 Luxembourg. The Janus Henderson Horizon Fund (the “Fund”) is a Luxembourg SICAV incorporated on 30 May 1985, managed by Henderson Management S.A. A copy of the Fund’s prospectus, key investor information document, articles of incorporation, annual and semi-annual reports can be obtained free of cost from the local offices of Janus Henderson Investors: 201 Bishopsgate, London, EC2M 3AE for UK. Janus Henderson Capital Funds Plc is a UCITS established under Irish law, with segregated liability between funds. Investors are warned that they should only make their investments based on the most recent Prospectus which contains information about fees, expenses and risks, which is available from all distributors and paying agents, it should be read carefully. An investment in the fund may not be suitable for all investors and is not available to all investors in all jurisdictions; it is not available to US persons. The rate of return may vary and the principal value of an investment will fluctuate due to market and foreign exchange move-ments. Shares, if redeemed, may be worth more or less than their original cost.Issued by Janus Henderson Investors. Janus Henderson Investors is the name under which investment products and services are provided by Janus Capital Inter-national Limited (reg no. 3594615), Henderson Global Investors Limited (reg. no. 906355), (each registered in England and Wales at 201 Bishopsgate, London EC2M 3AE and regulated by the Financial Conduct Authority) and Henderson Management S.A. (reg no. B22848 at 2 Rue de Bitbourg, L-1273, Luxembourg and regulated by the Commission de Surveillance du Secteur Financier). [Janus Henderson, Janus, Henderson, Perkins, Intech, Alphagen, VelocityShares, Knowledge. Shared and Knowledge Labs] are trademarks of Janus Henderson Group plc or one of its subsidiaries. © Janus Henderson Group plc. For more information or to locate your country’s Janus Henderson Investors representative contact information, please visit www.janushenderson.com
26
LEGG MASON GLOBAL ASSET MANAGEMENT1395 Brickell Ave Suite 1550Miami, FL 33131Tel: +(1) 305 529 4400US Toll Free: +(1) 866 534 4627
Lars JensenHead of Americas [email protected]
LORD ABBETT90 Hudson StreetJersey City, NJ 07302-3973Tel: +(1) 201 827 4266
Martin HofstadterDirector US Offshore - The [email protected]
MAN GROUPLondon / MontevideoRiverbank House, 2 Swan Lane London EC4R 3AD Tel. +44 207 144 3377
Gadi SlamovitzManaging Director, Latin [email protected]
MATTHEWS ASIA4 Embarcadero CenterSuite 550San Francisco CA 94111Tel: +(1) 415 954 4510
Kate Hitchings AhaltHead of Global Client Relationship [email protected] ShumanHead of Business [email protected]
MERIAN GLOBAL INVESTORS600 Brickell AvenueSuite 1700Miami, FL 33131Tel: +(1) 866 925 3863
Chris StapletonManaging Director - Head of Business Development New York and [email protected] MunhóManaging Director - Head of Sales Florida, Colombia and [email protected]
MFS INTERNATIONAL801 Brickell Ave9th floor, suites 915&918Tel: +(1) 305 987 0054Miami, FL 33131
Jose Corena Managing Director [email protected]
M&G INVESTMENTS1395 Brickell AvenueSuite 800Miami, FL 33131+44 20 3755 8000
Ander LópezSales Director - [email protected] SolorzanoSales Manager - [email protected]
MORGAN STANLEY INVESTMENT MANAGEMENT200 South Biscayne Blvd 51st FloorMiami, FL 33131Tel: +(1) 305 533 5320
ASSET MANAGER’S GUIDE
27
Carlos AndradeHead of Latin America and US Offshore [email protected]
MUZINICHMadridTel: +(34) 910 848 895
Rafael Ximénez de Embún, CFAManaging Director Iberia and [email protected]
NATIXIS INVESTMENT MANAGERS888 Boylston StreetBoston, MA 02199-8197Tel: +(1) 888-449-4947
Rodrigo Nuñez AguilarSenior Director, US Offshore and Latin America Key [email protected]
NEUBERGER BERMAN1290 Avenue of the AmericasNew York, NY 10104Tel: +(1) 305 979 5146
Lauren RahaghiHead of US [email protected] GarciaNRC-NRA Advisor Consultant - US [email protected]
NN INVESTMENT PARTNERS Schenkkade 65, 2595 AS The Hague The NetherlandsTel: +(31) 70 379 17 40
Ivan Mascaró GuzmánDirector Business Development - LatAm & US [email protected]
NUVEEN INVESTMENTS501 Brickell Key Drive Suite 504Miami, FL 33131Tel: +(1) 305 766 8555
Oscar IsobaManaging Director, Region Head - US Offshore & Latin [email protected]
PICTET ASSET MANAGEMENTMoor House120 London WallLondon, EC2Y 5ETTel: +(1) 203 247 2474
Seiji NishimuraHead of Global Financial Institutions - US Intermediaries [email protected] A. CorroPictet AM representative for US [email protected] KenworthySales [email protected]
PIMCO777 Brickell AveMiami, FL 33131Tel: +(1) 305-721-2767
Marcello PasquattiHead of Latam Global Weatlh [email protected]
PINEBRIDGE INVESTMENTSPark Ave Tower65 East 55th StNew York, NY 10022Tel: +(1) 646 857 8000
Ryan GuthrieVice President, Business [email protected]
*Source: Merian Global Investors as at 30/09/2019
CORPORATE INFORMATION CONTACT INFORMATION
Merian Global Investors
Millenium Bridge House2 Lambeth HillLondon EC4P 4WR,UK
Web merian.com
Telephone 866-925-3863
E-mail [email protected]
Investment Capabilities
• AUM*: $29.1bn
• Equities: $19.8bnWe offer a wide range of equity capabilities, including global, UK, European, North American, Asian and emerging markets. Award-winning fund manager, Richard Buxton, heads a UK and European equity team dedicated to fundamental research, across the market cap spectrum. Emerging market equities are available from our specialist team, led by Nick Payne. Meanwhile, our global equities team, led by Ian Heslop, offers expertise in global, North American, European and Asian equities.
• Alternatives: $7.1bnMerian Global Investors has been managing alternative strategies since December 2001. The range of funds spans equity market neutral, directional equity, absolute return multi-sector fixed income, systematic positive skew, and gold & silver strategies. In recent years, the firm has become a market-leader in specialised alternative strategies seeking to deliver returns that are uncorrelated with traditional asset classes. Alternative strategies are offered by a number of different investment teams within the company.
• Fixed Income: $2.2bnOur highly experienced fixed income team covers multi-sector bonds, emerging market debt and credit strategies. The team offers long-only and long/short fixed income capabilities, as well as expertise in contingent convertible bonds (“CoCos”) issued by financial institutions.
• Sub-advised: $0.1bnSpecialist investment strategies from leading asset management firms benefiting from our expertise in governance and distribution.
28
Merian Global Investors is a leading, independent, global asset management firm. While ourname may suggest we are a relative newcomer, our roots in fact go back many years.
The company as it is now known was formed in June 2018 when its managementteam, together with funds operated by the global growth private equity firm, TA
Associates, acquired the “single-strategy” investment capabilities of Old MutualGlobal Investors.
ABOUT USAs an independent firm, we are committed to continuing to build a successful,specialized asset management business. Central to the future of our business is a
belief that our clients appreciate the value of active investment management when itdelivers what they reasonably expect.
Our strategy is to seek to attract and retain talented investment professionals, whoare experts in their particular fields, and to provide them with the operational, risk
ASSET MANAGER’S GUIDE
management and distribution environment and support they need in order to thrive,yet without encumbering them with a blunt “house view” imposedby a chief investment officer.
OUR APPROACHMerian Global Investors does not seek to be “all things to all people,” not leastbecause we know that by doing so we would dilute – and ultimately lose – thequalities that make the firm distinct from other asset managers.As an investment-led business, we strive to deliver investment strategiesthat are truly differentiated from those available elsewhere. As such, we areresolutely committed to active investment management; we target a high “activeshare” among our long-only strategies, and our absolute return strategies areexpected to deliver on their
commitments, while offering return profiles with a lowcorrelation with other absolute return strategies.Our products and services are broadly summarised here. Please contact us formore detailed information on any of our capabilities.
Our clients include many of the world’s largest and most sophisticated financialinstitutions, including global banks, insurers, multi-asset fund managers,sovereign wealth funds, pension funds, and retail financial advisers.Merian Global Investors has won over 90 industry awards since 2014 and hasestablished a real presence in the markets in which it operates. The quality of ourfund managers, their teams and our performance is recognised by independentrating agencies and endorsed by the investment awards we have won.
DISTRIBUTIONOur distribution coverage in the Americas is through The AMCS Group, a separate, independently owned company, whose directors and senior staff have a history of marketing funds managed by Old Mutual Plc in the Americas. Prior to the sale of the business to senior management and funds managed by TA Associates, many of the directors and staff of The AMCS Group worked for another subsidiary of Merian plc, which at the time was also our firm’s ultimate parent company. The AMCS Group is now the exclusive distributor of Merian Global Investors funds in the Americas.
Merian Global Investors operates its own distribution offices in London, Zurich, Milan, Hong King and Singapore.
Andres MunhóManaging PartnerHead of SalesFlorida, Colombia and Mexico
Christopher StapletonManaging PartnerHead of Business DevelopmentNew York and California Sales
Fabiola PeñalozaRegional Vice President - Florida and Colombia
Francisco RubioRegional Vice President - Southwest US, Florida, Panama and Puerto Rico
Virginia GabilondoClient Service Manager, Americas
Santiago Sacias CFASenior Vice PresidentRegional Director Argentina, Uruguay, Brazil, Chile & Peru
Past performance is not a guide to future performance and may not be repeated. Investment involves risk. The performance data does not take account of the commissions and costs incurred on the issue and redemption of shares. The value of investments and the income from them may go down as well as up and investors may not get back any of the amount originally invested. Because of this, an investor is not certain to make a profit on an investment and may lose money. Exchange rate changes may cause the value of overseas investments to rise or fall.This communication is issued by Merian Global Investors (UK) Limited (“”Merian Global Investors””), Millennium Bridge House, 2 Lambeth Hill, London, United Kingdom, EC4P 4WR. Merian Global Investors is registered in England and Wales (number: 02949554) and is authorised and regulated by the Financial Conduct Authority (FRN: 171847).This communication is for information purposes only. Nothing in this communication constitutes financial, professional or investment advice or a personal recommendation. This communication should not be construed as a solicitation or an offer to buy or sell any securities or related financial instruments in any jurisdiction. No representation or warranty, either expressed or implied, is provided in relation to the accuracy, completeness or reliability of the infor-mation contained herein, nor is it intended to be a complete statement or summary of the securities, markets or developments referred to in the document. MGI 11_19_0081Any opinions expressed in this document are subject to change without notice and may differ or be contrary to opinions expressed by other business areas or companies within the same group as Merian Global Investors as a result of using different assumptions and criteria.In Hong Kong this communication is issued by Merian Global Investors (Asia Pacific) Limited. Merian Global Investors (Asia Pacific) Limited is licensed to carry out Type 1 and Type 4 regulated activities in Hong Kong. This communication has not been reviewed by the Securities and Futures Commission in Hong Kong. In Singapore this document is issued by Merian Global Investors (Singapore) Pte Limited, which is not licensed or regulated by the Monetary Authority of Singapore (“”MAS””) in Singapore. Merian Global Investors (Singapore) Pte Limited is affiliated with Merian Global Investors. Merian Global Investors is not licensed or regulated by the MAS. This document has not been reviewed by the MAS. In Switzerland this communication is issued by Merian Global Investors (Schweiz) GmbH, Schützengasse 4, 8001 Zürich, Switzerland. This communication is for investment professionals only and should not be relied upon by private investors. MGI 11_19_0081 29
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Expertise Through Collaboration
FACTS & FIGURES*
• Founded in 1924• $494 billion in assets under management • A broad range of global, regional equity and fixed income investment products• Nine worldwide research offices and eight sector teams; 284 equity, credit and
quantitative investment professionals
L. Jose Corena Managing Director - Americas / [email protected] / +617-755-7949
Argentina, Uruguay, Brazil, Ecuador, Paraguay and Venezuela• Stephan Von Hartenstein - Director: [email protected] / +54 9 11 5949-1180• Ignacio Durañona - Director: [email protected] / +54911 4165-5183Sales Representative • Diana Rueda: [email protected] / +305-789-6678Chile and Peru• Enrique Pérez Iturraspe - Director: [email protected] /+569 7614-6486 Sales Representative • Pablo Rodriguez: Sales Representative for Panama and Colombia [email protected] /+617-954-6044Southeast US, Caribbean, Costa Rica, Central America, Panama*, Colombia**, Mexico, US West Coast, Western Canada and Hawaii• Philip Dieffenbacher - Director [email protected] / +1 646-306-9206• Eric Figueroa - Associate Director [email protected] / +1 786-858-8789 • Drew Chisholm - Regional Manager [email protected] / +1 617-954-5682• Henry Myers - Sales Representative, Southwest and West Coast Regions [email protected] / +1 617 954 5682Sales Representative • Luis Carlos Ramirez: [email protected] / +1 617-954-4195• ** Pablo Rodriguez: [email protected] / +1 617-954-6044Southwest US• Jennifer Whitney - Director: [email protected] / +1 512-415-6602Northeast US, Bermuda and Eastern Canada• Danielle Spry - Director: [email protected] / +1 978-821-5355 Sales Representative • David Szabo: [email protected] / +1 617-954-4429
CONTACT US
* All figures as at 30th September 2019
As of 09/2019
In 1924, MFS launched the first US open-end mutual fund, opening the door to the markets for millions of everyday investors. Today, as a full-service global investment manager serving financial advisors, intermediaries and institutional clients, MFS still serves a single purpose: to create long-term value for clients by allocating capital responsibly. That takes our powerful investment approach combining collective expertise, thoughtful risk management and long-term discipline.
COLLECTIVE EXPERTISE
Combines diverse viewpoints within a shared value system to make what we believe are the best investment decisions for clients.
RISK MANAGEMENT
Critical to maintaining our clients’ confidence in our investment management. We navigate risk on their behalf by trying to see it from all angles to understand what we believe is material.
LONG-TERM DISCIPLINE
A cornerstone of our heritage, both in the way we invest and the way we run our business. We believe it is the best way to pursue the outcomes our clients need.
31
ASSET MANAGER’S GUIDE
See the fund’s offering documents for more details, including information on fund risks and expenses. For additional infor-mation, call Latin America: 416.506.8418 in Toronto or 352.46.40.10.600 in Luxembourg.MFS Meridian Funds is an investment company with a variable capital established under Luxembourg law. MFS Investment Mana-gement Company (Lux) S.ar.l. is the management company of the Funds, having its registered office at MFS ( 2nd Floor ), 4 Rue Al-bert Borschette, Luxembourg L1246 (Company No. B.76.467). The Management Company and the Funds have been duly authorized by the CSSF (Commission de Surveillance du Secteur Financier) in Luxembourg.MFS Meridian Funds may be registered for sale in other jurisdictions or otherwise offered where registration is not required.MFS Meridian Funds are not available for sale in the United States or Canada or to US persons.Unless otherwise indicated, logos, product and service names are trademarks of MFS and its affiliates and may be registered in certain countries.MFS Investment Management Company (Lux) S.à.r.l.This material is for use only in North America, South America and Central America.FOR INVESTMENT PROFESSIONAL USE ONLY. Not intended for retail investors.
MFS Meridian® FundsCapabilities To Help Meet Client Needs
MULTIASSET
FIXEDINCOME
EQUITY
Global
US Corporate Global Corporate Emerging Markets US Government / Sovereign Global US Emerging Markets European Asia Pacific
The MFS Meridian Funds family, a Luxembourg SICAV, is the primary product group since 1989, offered by MIL – our retail business. The MFS Meridian Funds family is designed to serve MFS’ non-US fund markets and to provide investors a broad spectrum of asset classes for investment in almost every region of the world’s established, developed and emerging financial markets.
• 1989 – MFS international Ltd. Is established to market and distribute MFS products internationally.• 1991 – First research analysts stationed outside of the United States.• 1995 – MFS extends its global footprint, opening its first overseas research office, in London
(marks the beginning of an expansion that now includes investment offices in nine financial centers around the world).
TODAY- MFS continues to expand with most recently our new distribution office in Miami:
• 801 Brickell Ave, 9th Floor / Suite #s 915 & 917 / Miami, FL 33131
44599
32
www.fundssociety.com
THANK YOU FOR OPENING YOUR DOOR TO US
33
Funds Society works with 62 ASSET MANAGEMENT FIRMS, private banks and trusts who have chosen us to help them reach their target clients in the US Offshore market and Latam. Thank you for your trust.
FUNDS SOCIETY IS THE PREFERRED PUBLICATION FOR THE ASSET AND WEALTH MANAGEMENT PROFESSIONAL COMMUNITY
IN THE US NRI, LATAM AND SPAIN
Global coverage with a local approach leveraging on our journalists in Miami, Madrid, Montevideo, Mexico City and Santiago de Chile
Founded in 2013 as a website, Funds Society has added quarterly print magazines for the US Offshore market (2015),
Spain (2016) and Southern Cone (2018) with a global run of 6,500 copies
Over 8,000 subscribers to our daily newsletters with an overall open ratio of 21% and click through ratio of 4%
Over 4,000 articles published each year on our website, generating 81,000 monthly page views in www.fundssociety.com
from 48,000 monthly unique users
Over 10,000 engaged followers on Facebook, Twitter, LinkedIn and Instagram
ASSET MANAGER’S GUIDE
34
COMPANY INFORMATION
Corporate Office – Americas
Morgan Stanley Investment Management (MSIM) 522 5th Avenue, New York, NY 10036
Telephone +1 305 533-5410
Email [email protected]
Web morganstanley.com/im
EXPERTISE ACROSS PUBLIC AND PRIVATE MARKETS
For more than 40 years Morgan Stanley Investment Management (MSIM) has provided client-centric investment and risk-management solutions to a wide range of investors and institutions. Our clients include corporations, pension plans, intermediaries, sovereign wealth funds, central banks, endowments and foundations, governments and consultant partners worldwide. Investment strategies span the risk/ return spectrum across geographies,
investment styles and asset classes, including equity, fixed income, alternatives and private markets. More than 20 investment teams are organized by capability: Solutions & Multi-Asset, Real Assets, Active Fundamental Equity, Private Credit & Equity, Global Fixed Income and Global Liquidity.
BORN TO BE ACTIVE: ACTIVE MANAGEMENT IS IN OUR DNA
We are entering a new era for investments and believe that only truly active managers will be able to generate alpha in the
medium-to long-term; create a competitive advantage through diversification1, high quality and, above all, high convictions. Today, more than ever it is essential to focus on strategies able to generate alpha across all asset classes and market cycles. We believe active management significantly improves our ability to meet our risk objectives by seeking to reduce volatility in the downturns.
1. Diversification does not eliminate the risk of loss.2. As of September 30, 2019. AUM figures within each business line may not sum to total AUM due to rounding. Fund of Fund assets represent assets under management and assets under supervision. Direct private investing assets represents the basis on which the firm earns management fees, not the market value of the assets owned. This general communication, which is not impartial, is for informational and educational purposes only, not a recommendation. Information does not address financial objectives, situation or specific needs of individual investors.
Morgan Stanley Investment Management (MSIM) is the asset management division of Morgan Stanley.A separately managed account may not be suitable for all investors. Please consider the investment objectives, risks and fees of the Strategy carefully before investing. A minimum asset level is required. For important information about the investment manager, please refer to Form ADV Part 2.
© 2019 Morgan Stanley. All rights reserved.
35
ASSET MANAGER’S GUIDE
Total AUM2
$507B
$71B SOLUTIONS & MULTI-ASSET
• Portfolio Solutions• Global Multi-Asset• Hedge Fund Solutions• Managed Futures• Applied Equity Advisors
$48B REAL ASSETS
• Listed Real Assets• Private Real Estate• Private Real Estate Credit • Private Infrastructure
$126B ACTIVE FUNDAMENTAL EQUITY
• International Equity• Counterpoint Global• Global Emerging Markets• European Equity
$16B PRIVATE CREDIT & EQUITY
• U.S. Private Equity• Asia Private Equity• U.S. Growth Private Equity• U.S. Energy Private Equity• Private Opportunistic Investing• U.S. Private Credit• AIP Private Markets
$74B GLOBAL FIXED INCOME
• U.S. Fixed Income • Global Fixed Income• Emerging Markets Debt • European Fixed Income
$173B GLOBAL LIQUIDITY
• Money Markets• Ultra-Short Income
Carlos Andrade Managing Director, Head of Latin America and U.S. Offshore Sales+1 305 [email protected]
Lindsay Rosbrook Executive Director+1 305 [email protected]
Victor Arakaki Vice President+55 11 [email protected]
Serafino Bueti Vice President+1 212 296 0665 [email protected]
MSIM LATIN AMERICA AND U.S. OFFSHORE DISTRIBUTION TEAM
OUR HISTORY
Muzinich & Co is a privately-owned investment firm specializing in public and private corporate credit. Our philosophy is focused on capital preservation, and we aim to deliver consistent risk-adjusted returns and to minimize downfalls in volatile market environments. The company was founded by George Muzinich in New York in 1988, and offers solutions aimed to institutional investors through our 11 offices in 10 countries across the Americas, Europe and Asia.
We offer solutions throughout the whole corporate fixed income range, from investment grade bonds,
36
COMPANY INFORMATION
Head office
Muzinich & Co 450 Park AvenueNew York, NY 10022, USA
Telephone + 34 91 084 8895
Email [email protected]
Web www.muzinich.com
Managing Director Iberia y Latam
Rafael Ximénez de Embún
Muzinich UCITS Funds*
Muzinich Enhancedyield Short-Term
Muzinich Emerging Markets Short Duration
Muzinich Short Duration High Yield
Muzinich Europeyield
Muzinich Americayield
Muzinich Global High Yield
Muzinich Global Tactical Credit
Muzinich Long Short Credit Yield
Muzinich European Credit Alpha
Muzinich Bond Yield ESG
Muzinich Emerging Markets Debt
Muzinich Asia Credit Opportunities
*For a full list of available UCITS Funds and materials, please visit www.muzinich.com
37
high yield, emerging markets, absolute return strategies, to syndicated loans and direct financing of companies.
We serve our US non-resident clients through our team based in Spain, led by Rafael Ximénez de Embún, Managing Director for Iberia and LatAm.
WHY MUZINICH?
Investment ConvictionWe have a long and consistent trajectory managing corporate credit. Our investment decisions are evidence of our conviction in a company’s creditworthiness.
Measured Risk TakingWe have a profound awareness of asymmetric risk and understand the importance of stress testing and diversification in preserving and growing capital.
Research AnalysisFundamental bottom-up credit research is at the centre of our investment process.
DynamismWe have the ability to be nimble, innovative, and quick to react in a changing market environment. We manage dynamic portfolios based on both fundamental and relative value considerations.
Focus on clientsOur culture is focused on the relationship with our clients, and transparency is at the core of our business. We work closely with our clients to create bespoke portfolios that best meet their objectives.
Responsible InvestmentWe believe fair and transparent governance is essential for a company’s long-term success. Our view is that incorporating ESG discussions into our fixed income research process can be advantageous from an investment perspective, thus benefiting client portfolios.
ASSET MANAGER’S GUIDE
OUR GLOBAL INVESTMENT PLATFORM
Global AUM as of September 30th, 2019: $35.1bn
PUBLIC MARKETS
PRIVATE MARKETS
STRATEGIES
HIGH YIELD
US$11.0bn
INVESTMENT GRADE
US$14.8bn
ABSOLUTE RETURN
US$4.3bn
EMERGING MARKETSUS$1.7bn
SYNDICA-TED LOANS
US$1.6bn
PRIVATE DEBT/BDCUS$1.7bn
• US• Global• Europe• Short
Duration
• Short Duration
• Crossover Short Duration
• Crossover Market Duration
• Long/Short• European
Alpha Credit
• Tactical Credit Allocation
• Short Duration
• Market Duration
• Asia Credit
• US• Europe• Global
• Private Debt
• Liquid Alternatives
38
1. Net asset value as of September 30, 2019. Assets under management (“AUM”), as reported, may include notional assets, assets serviced, gross assets, assets of minority-owned affiliated entities and other types of non-regulatory AUM managed or serviced by firms affiliated with Natixis Investment Managers.2. Cerulli Quantitative Update: Global Markets 2019 ranked Natixis Investment Managers as the 17th largest asset manager in the world based on assets under management as of December 31, 2018.
COMPANY INFORMATION
Executive Managing DirectorIberia, Latin America
and US Offshore
Sophie del Campo
POWERED BY ACTIVE THINKING®
FACTS & FIGURES
• $1,004.5 billion assets under management1
• 17th largest asset management firm worldwide2
• 20+ independent, affiliated asset managers• 200+ investment strategies
DNCA Europe GrowthH2O MultiAggregateLoomis Sayles Global GrowthLoomis Sayles MultisectorLoomis Sayles Short Term Emerging Markets BondLoomis Sayles US Core Plus
Loomis Sayles US Growth EquityMirova Global Sustainable EquityThematics AI & RoboticsThematics SafetyThematics WaterWCM Global Emerging Markets Equity
FEATURED STRATEGIES FROM OUR HIGH-CONVICTION ACTIVE MANAGERS:
Before investing, consider the fund’s investment objectives, risks, charges, and expenses. You may obtain a prospectusor a summary prospectus on our website containing this and other information. Read it carefully.
DIVERSE EXPERTISE TO TARGET CLIENTS’ DISTINCT GOALS
Natixis Investment Managers offers active investment solutions from over 20 independent asset managers.
Financial professionals and institutional clients benefit from a range of investment processes and cultures that make our multi-affiliate model truly different. This diverse and unconventional thinking can help to enhance
returns, reduce risk, and generate alpha. Tap into active managers across growth, value or thematic equities, flexible fixed income, sustainable strategies, alternatives and private market investments.
Corporate Office
888 Boylston Street, Boston, MA 02199 USAUS Offshore sales offices: Miami, Houston, New York
Telephone +1 888-449-4947
Email [email protected]
Web im.natixis.com/us-offshore
39
ASSET MANAGER’S GUIDE
FUELING CONVERSATION. DRIVING IDEAS AND RESULTS.
The Natixis Investment Institute combines in-house expertise with diverse perspectives of our affiliated asset managers for a 360° view of markets, asset allocation trends and investor insight to help inform your decisions.• Portfolio Analysis Reports: Insights into Latin American & US Offshore advisors’ asset allocation and portfolio construction trends.• Global Survey of Investors: Our research captures attitudes, perceptions and behaviors of institutional, insurance and financial professionals and individual investors.• Macro and Market Views: Portfolio-level perspectives are offered by our market strategists.
ESG INVESTING FROM MULTIPLE ANGLES
Through the expertise of our affiliated managers, we have more than 30 years of experience in responsible investing. ESG considerations are a powerful lens that we use to uncover investment opportunities and identify risks – all to help achieve positive long-term returns for investors.• ESG Integration: Include ESG factors in the investment process to help achieve stable risk-adjusted returns over time.• Active Ownership: Incorporate ESG issues into our ownership policies and practices.• Negative/Positive Screening: Screen securities using ESG or value-based criteria.
• Outcome-Oriented Strategies: Use ESG themes and positive impact to guide investment selection.
ADVANCED ANALYTICS & ASSET ALLOCATION EXPERTISE
Natixis Investment Managers’ Solutions team helps financial professionals respond to evolving needs with multi-asset investment offerings and advisory, structuring and fiduciary management services.• Customized and off-the-shelf multi-asset investment solutions.• Robust team of consultants, analysts, and specialists in portfolio construction.• Comprehensive Portfolio Evaluation based on institutional-level, risk- focused analytics.
Provided by Natixis Distribution, L.P., 888 Boylston St., Boston, MA 02199. For U.S. financial advisors who do business with investors who are not U.S. Persons (as that term is used in Regulation S under the Securities Act of 1933) or persons otherwise present in the U.S. It may not be redistributed to U.S. Persons or persons present in the U.S. Natixis Investment Managers includes all of the investment management and distribution entities affiliated with Natixis Distribution, L.P. and Natixis Investment Managers S.A. 2817577.2.1
MORE INSIGHTFUL WAYS TO CONSTRUCT PORTFOLIOS
STRENGTH IN COLLABORATIVE PARTNERSHIPSOur responsive, dedicated bilingual team is focused on partnering with
you to find optimal solutions for your clients’ distinct goals.
Gordon Burrow Managing Regional Director – CA/[email protected]
Maider Lasarte Sales Manager – FL/[email protected]
Rodrigo Núñez Aguilar Head of US Offshore Distribution & Latin America Key [email protected]
Pia Sojo Managing Regional Director – FL/[email protected]
40
ROBECO 1101 Brickell Ave.Suite 1202Miami, FL 33131Tel: +(1) 786 483 2500
Jimmy LyExecutive DirectorHead of Sales, Robeco Latam & US [email protected]
RWC PARTNERS2640 South Bayshore DriveSuite 201Miami, FL 33133Tel: +(1) 305 602 9501
James TollemacheHead of Business [email protected]
SCHRODERS875 Third Avenue22nd FloorNew York, NY 10022Tel: +(1) 646 747 4849
Gonzalo BinelloHead Intermediary Offshore [email protected]
SEI1 Freedom Valley DriveOaks, PA 19456Tel: +(1) 610 676 2436
Iván PabónLatin America Director Asset Management [email protected]
THORNBURG INVESTMENT MANAGEMENT2300 North Ridgetop RoadSanta Fe, NM 87506+(1) 305 988 6765
Vince LeonDirector Offshore Advisory [email protected]
VANGUARD100 Vanguard BlvdMalvern, PA 19355Tel: +(1) 610 503 9893
Eduardo Mendes Head of Distribution, South America and US Offshore [email protected]
VIRTUS INVESTMENT PARTNERSOne Financial PlazaHartford, CT 06103Tel: +(1) 215 208 9926
Lijo JohnManaging Director, Offshore Fund [email protected]
VONTOBEL1540 Broadway18th floorNew York, NY 10036Tel: +(1) 917 453 8876
Jose Luis EzcurraCountry Head LatAm & US [email protected] J. KearnsHead of US Offshore [email protected]
*Distributed by Unicorn Strategic Partners
ASSET MANAGER’S GUIDE
THANKS TO OUR PARTNERS WHO HAVE CONTRIBUTED TO THE SUCCESS OF
If you are interested in receiving a complimentary copy of our print magazine and newsletters, please contact us at [email protected]
www.fundssociety.com
PARTICIPANTCAPITAL
TM
Assets Under Management*
19.2 US$ bn
Investment professionals
56Employees
157
42
www.rwcpartners.com | E [email protected] | Authorised and regulated by the Financial Conduct Authority
Company InformationRWC Miami2640 South Bayshore Drive Suite 201MiamiFlorida. 33133
T +44 20 7227 6000E [email protected] W www.rwcpartners.com
3
At RWC Partners we invest on behalf of our clients with the aim of helping them meet their long-term financial objectives.Since our formation in 2000 we have remained committed to delivering investment management services with the highest levels of skill, integrity and transparency.
We feel a strong sense of responsibility to provide the highest standards of investment management; good value for money; clear information that helps our clients understand what we are doing; and a stable organisation that is both long-term and trustworthy.
At the heart of RWC Partners are teams of experienced investment professionals with expertise in specific fields. Our teams are led by people who are distinguished in their chosen area and demonstrate a total commitment to the responsibilities they have to their clients.
They are supported by highly professional individuals and teams who recognise that investment returns drive RWC’s long-term sustainability.
JamesTollemacheHeadofSales
We specialise in providing strategies that are not only interesting but appropriate for evolving times. We offer a distinct range of portfolios which allow our clients to invest in developed and emerging market equities, convertible bonds and income solutions.
Highlighted Strategies
Global Convertibles
Enhanced Dividend
Global Emerging Markets Equity
European Equity
US Long/Short Equity
SofiaGranaiBusinessDevelopment
For Professional Investors and Advisers Only
COMPANY INFORMATION
Miami Office
RWC Miami
Telephone +1 305 602 9501
Email [email protected]
2640 South Bayshore Drive Suite 201 - Miami - Florida. 33133
Head of Business
Distribution
James Tollemache
Business Development
Sofia Granai
AT RWC PARTNERS WE INVEST ON BEHALF OF OUR CLIENTS WITH THE AIM OF HELPING THEM MEET THEIR LONG-TERM FINANCIAL OBJECTIVES.
Since our formation in 2000 we have remained committed to delivering investment management services with the highest levels of skill, integrity and transparency.
We feel a strong sense of responsibility to provide the highest standards of investment management; good value for money; clear
information that helps our clients understand what we are doing; and a stable organisation that is both long-term and trustworthy.
At the heart of RWC Partners are teams of experienced investment professionals with expertise in specific fields. Our teams are led by people who are distinguished in their
chosen area and demonstrate a total commitment to the responsibilities they have to their clients.
They are supported by highly professional individuals and teams who recognise that investment returns drive RWC’s long-term sustainability.
Highlighted Strategies
STRATEGY
Global ConvertiblesEquity IncomeGlobal Emerging Markets EquityEuropean EquityDiversified Return
We specialise in providing strategies that are not only interesting but appropriate for evolving times. We offer a distinct range of portfolios which allow our clients to invest in developed and emerging market equities, convertible bonds and diversified returns.
* AUM as at 31 October 2019
RWC - Our Purpose
43
ASSET MANAGER’S GUIDE
This document is directed only at professional, institutional, wholesale or qualified investors. The services provided by RWC are avai-lable only to such persons. It is not intended for distribution to and should not be relied on by any person who would qualify as a retail or individual investor in any jurisdiction or for distribution to, or use by, any person or entity in any jurisdiction where such distribution or use would be contrary to local law or regulation.
This document has been prepared for general information purposes only and has not been delivered for registration in any jurisdic-tion nor has its content been reviewed or approved by any regulatory authority in any jurisdiction. The information contained herein does not constitute: (i) a binding legal agreement; (ii) legal, regulatory, tax, accounting or other advice; (iii) an offer, recommendation or solicitation to buy or sell shares in any fund, security, commodity, financial instrument or derivative linked to, or otherwise included in a portfolio managed or advised by RWC; or (iv) an offer to enter into any other transaction whatsoever (each a “Transaction”). No representations and/or warranties are made that the information contained herein is either up to date and/or accurate and is not intended to be used or relied upon by any counterparty, investor or any other third party.
RWC uses information from third party vendors, such as statistical and other data, that it believes to be reliable. However, the accura-cy of this data, which may be used to calculate results or otherwise compile data that finds its way over time into RWC research data stored on its systems, is not guaranteed. If such information is not accurate, some of the conclusions reached or statements made may be adversely affected. RWC bears no responsibility for your investment research and/or investment decisions and you should consult your own lawyer, accountant, tax adviser or other professional adviser before entering into any Transaction. Any opinion ex-pressed herein, which may be subjective in nature, may not be shared by all directors, officers, employees, or representatives of RWC and may be subject to change without notice. RWC is not liable for any decisions made or actions or inactions taken by you or others based on the contents of this document and neither RWC nor any of its directors, officers, employees, or representatives (including affiliates) accepts any liability whatsoever for any errors and/or omissions or for any direct, indirect, special, incidental, or conse-quential loss, damages, or expenses of any kind howsoever arising from the use of, or reliance on, any information contained herein
RWC Partners is a stable, forward-thinking organisation that embraces responsible autonomy, freedom, integrity and alignment of interests. We believe that in order to deliver the results our clients expect we must continuously invest in our people, our approach to investing and our infrastructure.
Diverse and evolving investment capabilities
Our organisation benefits from being both flexible and progressive. We are proactive in our approach to technological development and innovation, enabling our fund managers to consistently provide solutions that meet the challenges of an ever evolving market place.
RWC LondonHead OfficeVerde 4th Floor, 10 Bressenden PlaceLondon, SW1E 5DHT +44 20 7227 6000
RWC Miami2640 South Bayshore Drive Suite 201 Miami Florida. 33133T +1 305 602 9501
RWC Singapore80 Raffles Place#22-23 UOB Plaza 2Singapore 048624T +65 6812 9540
CONTACT US
Please contact us if you have any questions or would like to discuss any of our strategies. E [email protected] W www.rwcpartners.com
Equity Income
Global Horizon Equity
European & UK Equity
European Active
Ownership
Japan Active Engagement
Convertible Bonds
Emerging & Frontier Markets
Diversified Return Equity
Income
Global Horizon Equity
European & UK Equity
European Active
Ownership
Japan Active Engagement
Convertible Bonds
Emerging & Frontier Markets
Diversified Return
WHO WE AREAt Thornburg, we believe that siloed investment research leads to market inefficiencies. We exploit these inefficiencies for our clients through a colla-borative, benchmark-agnostic investment process. We over-see diversified investment solutions across fixed income, global equity, and alternatives for institutions and financial advisors around the world. For nearly four decades, we have delivered idiosyncratic alpha to our clients with innovative investment solutions that are highly active, high conviction, and benchmark agnostic.
HOW WE DO ITWhen it comes to finding opportunity for clients, it’s
more than what we do. It’s how we do it.
PEOPLEOur investment team embra-ces a go-anywhere, collabora-tive approach when searching for opportunities across geographies, sectors, and asset classes.
FIXED INCOMEThornburg was founded on the belief that fixed income managers should do a bet-
ter job of preserving wealth for investors through active management. With a strai-ghtforward, fundamental approach, we seek to provide clients with attractive returns and stability of principal.
We launched our first fixed income mutual fund in 1984. Since then, we have launched a series of actively managed strategies that can be used to build a strong foundation for a diversified portfolio.
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COMPANY INFORMATION
Head office
Thornburg Investment Management 2300 North Ridgetop RoadSanta Fe, New Mexico 87506
Telephone +1 305-988-6765
Email [email protected]
Web www.thornburg.com
INDEPENDENTLY OWNED AND PRIVATELY HELD SINCE INCEPTION
Investment Professionals 40
Average PM Experience (yrs) 19
Average Tenure of PMs (yrs) 12
Director, Offshore Advisory Channel
Vince León
Assets Under Management
42 US$ bn
Employees
250
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EQUITYFor decades, we have emplo-yed a bottom-up, fundamental approach to equity inves-ting. Our investment culture demands diversity of thought, rigorous debate and collabo-ration across asset classes.
This creates the long-term conviction necessary for con-centrated, flexible strategies.
ALTERNATIVESOur long/short equity strategy is a natural extension of our bottom-up, fundamental se-
curity selection process. The strategy draws from diverse perspectives of the entire investment team in order to mitigate risk while increasing the potential for greater return.
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ASSET MANAGER’S GUIDE
Investments carry risks, including possible loss of principal.All data as of 9/30/19
Thornburg’s LEED gold certified headquarters in Santa Fe, New Mexico
Vontobel Asset Management is an active asset manager with global reach and a mul-ti-boutique approach. Each of our boutiques draws on specialized investment talent, a strong performance culture and robust risk management. We help deliver leading-edge solutions for both institutio-nal and private clients.
Our commitment to active management empowers us to invest on the basis of our convictions. We aim to deliver value through our diverse and highly specialized teams. Employing more than 400 professionals worldwide – including 160 investment specialists – we operate across 16 locations including Switzerland, Europe and the U.S. and create investment
strategies and solutions co-vering equities, fixed income and multi asset class.
The goal of achieving positive and repeatable performance has been fundamental to our approach since 1988. A strong and stable sharehol-der structure helps facilitate our entrepreneurial inde-pendence and can protect the long-term mindset that guides our decision-making.
Many of our investment professionals are invested in the funds they manage to help ensure our interests are aligned with our investors.
WHAT SETS US APART?
• We believe in active mana-gement to exploit market
trends and inefficiencies for the benefit of our clients.
• We pursue investment approaches to protect and grow our clients’ assets, through a robust strate-gy construction and the awareness of risks.
• We are convinced that our specialization in clearly defined investment strate-gies creates added value for our clients.
• We rely on clear responsi-bilities and small, flexible teams and see this as the prerequisite for a strong performance culture. Investing alongside our clients makes us partners.
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COMPANY INFORMATION
Corporate Office
1540 Broadway New York, NY 10036
Telephone +1 212 804 9417
Email [email protected]
Web www.vontobel.com/am
ABOUT VONTOBEL ASSET MANAGEMENT
Executive DirectorCountry Head LatAm & US
Offshore
Jose Luis Ezcurra
US OFFSHORE SALES TEAM* [email protected] – David Ayastuy, 801 Brickell Ave, 9th Floor, +1 786 328 6381NEW YORK – Mike J. Kearns, 136 Madison Ave, 5th Floor, +1 516 350 4460MONTEVIDEO – Florencia Bunge, Zonamerica, Ruta 8KM 17.5 edF. MI OF. I, + 54 911 3580 4052
*These individuals are registered with Foreside Financial Group, LLC
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ASSET MANAGER’S GUIDE
This document is for information purposes only and nothing contained in this document should constitute a solicitation, or offer, or recommendation, to buy or sell any investment instruments, to effect any transactions, or to conclude any legal act of any kind whatsoever. Except as permitted under applicable copyright laws, none of this information may be reproduced, adapted, uploaded to a third party, linked to, framed, performed in public, distributed or transmitted in any form by any process without the specific written consent of Vontobel Asset Management AG (“Vontobel”). To the maximum extent permitted by law, Vontobel will not be liable in any way for any loss or damage suffered by you through use or access to this information, or Vontobel’s failure to provide this information. Our liability for negligence, breach of contract or contravention of any law as a result of our failure to provide this information or any part of it, or for any problems with this information, which cannot be lawfully excluded, is limited, at our option and to the maximum extent permitted by law, to resupplying this information or any part of it to you, or to paying for the resupply of this information or any part of it to you. Neither this document nor any copy of it may be distributed in any jurisdiction where its distribution may be restricted by law. Persons who receive this document should make themselves aware of and adhere to any such restrictions. In particular, this document is for U.S financial advisors who do business with investors who are not U.S. persons or persons otherwise present in the U.S. It may not be redistributed to U.S. Persons or persons present in the U.S.
HIGH CONVICTION INVESTMENT BOUTIQUES
BOUTIQUES
QUALITY GROWTH BOUTIQUE
Our goal is to deliver to our clients long-term performance driven by stable, high-quality underlying earnings growth, paid for at sensible prices. To achieve this, we seek to invest in companies with market leading positions and powerful franchises. Our investment team has consistently followed this approach for more than 30 years.
SUSTAINABLE EQUITIES BOUTIQUE
Strategies with emphasis on specific investment themes including sustainability, and environmental, social and governance (ESG) factors.
FIXED INCOME BOUTIQUE
Actively managed fixed-income strategies, global expertise and specific focus on flexi-ble, corporate and emerging market bonds.
TWENTYFOUR ASSET MANAGEMENT
Highly transparent, actively managed fixed-income products that generate attractive risk-adjusted returns, with a strong focus on capital preservation.
EQU
ITIE
SFI
XED
INC
OM
E
HIGHLIGHTED STRATEGIES
• Global Equity• Emerging Markets Equity• US Equity
• mtx Sustainable Emerging Markets Leaders
• mtx Sustainable Asia Leaders
• Emerging Markets Corporate Bond
• Emerging Market Debt Hard Currency
• Emerging Markets Blend
• Strategic Income • Absolute Return Credit
ASSET MANAGER’S GUIDE 2020