Global asset manager, PineBridge Investments Ireland Ltd., has announced that it has been appointed as the investment manager for the Parentum PineBridge Latin America Corporate Bond, a UCITS fund domiciled in Luxembourg. PineBridge has also partnered with Administradora General de Fondos Security S.A. (AGF Security) to manage the day-to-day portfolio of over $4 billion.
Pine Bridge specializes in active, high-conviction investing. The UCITS fund was established on July 5th, 2016 with $ 167 million and promises investors capital appreciation through investments in fixed income instruments in Latin America and denominated in USD.
Latin American corporate bond exposure may provide investors with an attractive source of yield. Likewise, positive relative valuations and strong company fundamentals may indicate an appealing entry point into these markets for long-term investors.”
Juan Pablo Lira, AGF Security’s Chief Executive Officer.
AGF Security’s Latin America Corporate Debt Strategies will manage the portfolio under the leadership of Lucas Villaseca Naranjo, the Chief of Investment Strategy. Macarena Carne Saba is the co-manager for the fund and the head of International Fixed Income.
The Pareturn PineBridge Latin America Corporate Bond Fund is an extension of our specialized fixed income investment heritage, along with our commitment to serving the investment needs of the local market. We are pleased to offer this local capability which we believe will serve as a complement to our developed market strategies for our valued clients in Latin America.”
Adrien Grynblat, Managing Director of PineBridge Investments’ Global Client group