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ECONOMICS Moderated by Ashwin Vasan, Oppenheimer Asset Management Neil Dougall, Dresdner Kleinwort BensonLike most economists, Neil Dougall forsees a sharp contraction in Brazil’s GDP this year, by around 4.5%. The big question in Brazil, however, is how the devaluation will feed through into inflation. Dougall forecasts 13% inflation for Brazil in 1999, based on the […]

How has the Latin American custody business been affected by the regional economic uncertainty? On March 4, 1999, a group of custody officials met in New York to discuss this and other issues, such as clearance and settlement procedures, securities lending and proxy voting.

Regional Equity, Open End Latinvest Fund. Seven-Year Risk Adj. Return: 36.6%. Manager: Peter GruberPeter Gruber, whose Latinvest fund ranks on top of the regional equity funds for seven-year returns, frequently speaks of the need to keep a historical perspective when investing in Latin America. So while the current volatility can make playing the market nerve-racking, […]

Minority shareholders are beginning to challenge the historical disregard for their rights in Latin America.

LatinFinance presents its yearly review of the top investment managers in Latin America, based on one-,three-,five- and seven year returns provided by Standard & Poor’s. In the wake of last year’s rollercoaster markets, however, S&P is judging funds not simply on total returns, but is also taking volatility into account by using the sharpe ratio as its principal criterion. Categories include debt and equity as well as regional and country funds.

Regional Equity, Open End Regis Global Equity. Three-Year Risk Adj. Return: 30.57%. Manager: Alejandro Silveyra (See winner for regional equity, open end, for five-year category). Regional Equity, Closed End Latin American Discovery. Three-Year Risk Adj. Return: 35.39%. Managers: Andy Skov, Michael Perl (See winner for regional equity, closed end, for five-year category). Brazil Equity Brazilian […]

Investors confront Latin American market turbulence by diversifying with credit derivatives.

Veteran emerging markets player Mark Mobius argues in favor of a single currency for Latin America.