After much anxiety earlier in the year about the Brazilian crisis’ dampening of market activity, bond issuance in the region has taken a sudden turn for the better. Just as LatinFinance went to press in mid-April, Brazil sold $2 billion worth of five-year globals priced to yield 11.88%, 675 basis points above similar US Treasuries. […]
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Trouble in Paradise
Caribbean nations fear the worst in the wake of the WTO’s recent ruling on banana exports.
Posted inWeb Articles
April 1999
Ecuador’s banking crisis deepens as the country’s economy unravels.
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A Heavy Burden to Bear
As Brazil’s internal debt load mounts, many believe that the government will be forced to restructure or monetize.
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Ana Botin Resigns After Merger Announcement
The ink was still drying on the merger agreement between Spanish banks Santander and Central Hispano when Ana Patricia Botin, head of wholesale banking at Santander and the force behind the bank’s expansion into Latin America, abruptly resigned. Although shareholders had not yet voted on the announced merger, Botin quit after learning of the deal […]
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Double Standards
The row over JC Penney’s aggressive takeover bid for Lojas Renner has helped spawn new rules to protect minority shareholder rights in Brazil, reports Jennifer L. Rich.
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Five-Year Performance: The Cross Country Runners
Regional Equity, Open End Regis Global Equity. Five-Year Risk Adj. Return: 28.56%. Manager: Alejandro SilveyraAlejandro Silveyra, who has been managing the Regis Global Equity fund since June 1993, is heavily weighted in his country of origin, Argentina, where he has 76.36% of his portfolio. The remainder is in Brazil (14.27%) and Mexico (9.37%). In terms […]
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Front Notes
Investment management takes center stage in this issue, with several features about and for investors in the region. First, as stock markets have turned in dismal performances over the last year, investors have become more sensitive to issues of minority shareholder rights. As Associate Editor David Swafford finds in his cover story, “Storming the Castle,” […]
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Has the Gas Bubble Burst?
After 60 years of planning, the Bolivia-Brazil pipeline is finally completed. But the fanfare may soon fade as Brazil’s shrinking economy dampens demand and enthusiasm for the mega project.
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One-Year Performance: The Sprint
Regional Equity, Open End MK Panamerika. One-Year Return: -15.13%. Advisor: Michael KepplerMK Panamerika’s rather unique approach to investing in Latin America avoided it from losing far less than its peers did last year. While the mean among regional equity funds for the one-year return period was -37.43%, MK Panamerika’s return was -15.13%. According to Michael […]