MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
|
|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, December 13, 1999 Alliance Partners for Argentine Distribution Alliance Capital (AC) continues to expand its Latin American presence, today making inroads into the Argentine market, announcing a new fund advisory arrangement with Copernico Capital Partners of Beunos Aires for fund distribution and investment management.
The first product will be the Copernico Alliance Brazil Fixed Income Fund, sub-advised by BCN Alliance Capital Management in Brazil. BCN is a Brazilian asset management company owned jointly by Alliance Capital and Sao Paulo-based Banco de Credito Nacional. "Argentina's swift-growing mutual fund market should expand rapidly as Argentine citizens embrace mutual funds for their retirement savings and as pension funds invest a larger portion of their assets in mutual funds," said Jon Groom, head of offshore funds for Alliance Capital, adding that Copernico brought valued access to the local market. Alliance already has Latin America exposure through its family of Luxembourg-domiciled offshore mutual funds, the ACM Offshore Funds, as well as its joint venture with BCN. Printed from: MFWire.com/story.asp?s=25273 Copyright 1999, InvestmentWires, Inc. All Rights Reserved |
