Global Asset Manager Pioneer Investments received 200 million US dollars from a Global Equity mandate with Mexican pension fund manager Afore Sura. The equity investment team at Pioneer Investments’ Boston hub will actively manage the mandate. Pioneer Investments, which currently has 240 billion of Assets Under Management, has been managing investments in global markets since the 1930’s through the Pioneer Fund, created by Philip L. Carret in 1928.
Afore Sura awarded Pioneer Investments’ Boston investment team the mandate as part of its process to diversify their investment strategy and as a tool to grant their clients access to investment opportunities in global equity markets. region.”
Luis de la Cerda, CIO for Afore Sura said: “By granting this mandate, we strengthen our investment strategy, reaping the benefits of the resources, skills and experience offered by external teams specialized in markets, strategies, styles and specific geographical regions.”
Gustavo Lozano, Country Head of Pioneer Investments Mexico, commented: ”Completing the funding of this project is once again the culmination of many efforts coming together. The relationship that Pioneer Investments has with Sura has allowed us to build a comprehensive partnership that ranks Pioneer Investments as one of the most important global managers in the Latin-American region, regarding the active management of investments for the institutional clientele. Pioneer Investments not only offers competitive, high quality investment products that we believe can stand the test of time, but compliments them with investment services designed exclusively for Sura, which strengthens the development of asset management for such investors in the
The global equity markets mandate will allow the Afore to access a strategy which expedites decision-making through the allocation of assets, sectors, regions and risk, based on a robust investment process seeking to maximize investment returns while endeavoring to limit risk. It will also provide them exposure to high quality companies, whose investment thesis and business propositions remain abreast of global economic developments, with a long-term investment horizon.
