Sat, Oct 10, 2015
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Latin American investors prefer Miami to New York

Monday, January 13, 2014

Komfie Manalo, Opalesque Asia:

Some fund managers can benefit from Florida’s lower operating costs and taxes and from the proximity to Latin American investors, according to Thomas Belkin, vice president on the buy-side business development team at the Chicago offices of Eurex Exchange, who adds that not everybody travels to Florida only for leisure.

"Depending on the strategy type, years of trading track record, assets under management and other factors, certain investment managers will benefit more from the advantages found in Florida than others.

"For example an emerging fund manager has high travel cost in order to build up its investor network and asset base. These expenses can outweigh easily the savings on taxes, office space and staff in Florida compared with NYC or Toronto, where managers can meet plenty of local investors. This may look different for midsize or large funds," Belkins said at the recent Opalesque Florida Roundtable.

Andrew H. Jacobus, President and CIO of investment advisory group FINSER International Group commented hat Latin American investors visit Miami because it more accessible for them to conduct business with either investment advisors or fund managers.

Belkin added that many South Americans visit Miami to boost their local businesses, particularly because there is a limited ......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. U.S. hedge funds prepare for worst finish this year since 2008[more]

    Komfie Manalo, Opalesque Asia: U.S.-focused hedge funds are preparing for their worst year since the 2008 global financial crisis, following a series of letdown including the market sell-off in August and the sell-off in healthcare and biotechnology sectors last month, reported

  2. Investing - AQR Capital and Renaissance Technologies raise stakes in Southwest Airlines[more]

    From In the previous part of this series, we saw how institutional investors played Southwest Airlines (LUV) in 2Q15. Now let’s move on to the trades executed by key hedge funds in Southwest Airlines over the same period. … Most of the hedge funds that had significant exposu

  3. Manager Profile - Pimco alternative funds flourish as 30-year bond rally fades[more]

    From Inside Pacific Investment Management Co., the bond behemoth that lost two chief investment officers last year and saw almost $500 billion of client money leave, a hidden profit engine is easing some of the pain. For more than a decade, Newport Beach, California-based Pimco has qu

  4. Niche Investing - Art investment funds: Attracting institutional and other new investors[more]

    From The Deloitte/ArtTactic Art and Finance Report 2014 (the "Art and Finance Report") noted that the "global art investment fund market was estimated to be worth at least $1.26 billion in the first half of 2014." This seems almost inconsequential when juxtaposed with the $54 billion of

  5. DoubleLine’s Jeffrey Gundlach warns of another round of market shakedown[more]

    Komfie Manalo, Opalesque Asia: DoubleLine Capital co-founder Jeffrey Gundlach is painting a bleak future as he warned that the U.S. equity market and other risk markets, such as high-yield "junk" bonds, are facing another round of selling pressure. Gundlach said in an interview with