The Funds Download: Episode five - Boundless opportunities for the Latin America market

In the fifth episode of our Funds Download podcast series, our host and the global head of Funds and Regulatory, Philip Graham, is joined by Harneys Fiduciary Managing Director of the Americas, Maria Pia Buchi, to examine market trends originating from Latin America and how investment fund products are structurally so important in the plumbing of the region.

Key takeaways

  • Market uncertainty has meant managers are considering the possibility of replacing traditional strategies with more opportunistic ones to meet the demands of (and generate alpha in) such a volatile market.
  • The deadline for compliance with recently enacted private fund legislation was 1 July 2020 for the BVI and is 7 August 2020 in Cayman. These deadlines were set by the EU and there is no prospect of flexibility.
  • Outbound investments from Latin America are currently very strong, with managers seeking to achieve diversification and will classically look to set up offshore funds in which their local vehicles invest or explore the Luxembourg option where there is some form of European nexus.
  • Family offices in Latin America have always had an international focus, but recently we have noticed an uptick in private equity inquiries where families are requesting that offshore aggregator vehicles be established to allow them to access opportunities that might normally be out of reach.

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