Investment funds
in Central America
Thursday, January 26, 2012
Aldesa introduced an investment fund made up of $100 shares to finance the Ad Astra Rocket Company, which is developing a plasma engine for space travel.
A press release by Aldesa states that the fund, entitled “the Aurora Fund”, will be administered by INS SAFI investment and will invest in shares of the Ad AstraRocket Company, which was founded and chaired by astronaut Franklin Chang Diaz.
Monday, December 12, 2011
The crisis of 2008 halted the development of the ambitious project in the Gulf of Papagayo tourist hub, and solutions are being sought to maintain it.
The project is owned by Monte del Barco Real Estate Fund, administered by Aldesa Investment Funds.
There is need to resolve the financial situation of the project in order to continue with its development, so solutions have emerged such as the purchase of lots by the same investors in the Fund, which so far has not been successful, and the transfer of part the land to a group of providers in exchange for building the basic infrastructure so as to enable the project to continue.
Tuesday, November 15, 2011
The regulations for the investment of venture capital funds, which were recently published by the Superintendency of Securities, have generated positive expectations from market participants.
Although there are differences of opinion, most experts in the field feel the addendum to the regulation of investment funds covers all the minimum elements that must be detailed in an instrument of this nature.
Monday, November 7, 2011
The primary objective of this scheme is the temporary investment in private bonds of recommended companies, which have not been registered on a stock market over the past five years.
Costa Rica’s National Council of Financial System Supervision approved the regulations covering the operation of the long-awaited Venture Capital Funds.
These instruments are an alternative for financing projects or companies, especially those which by their nature have limited access to traditional funding mechanisms.
Thursday, October 20, 2011
Legally registered companies must also report to the tax authorities of the U.S.
This new measure will be taken to comply with the Foreign Account Tax Compliance Law (FATCA, for short), which requires information disclosure by companies where a U.S. citizen is involved.
Tuesday, October 18, 2011
Financial companies must provide reports about their clients who are United States citizens under penalty of withholding 30% of the transfers that they make from that country.
The measure, which will apply from July 2013, is a consequence of the Law on Foreign Account Tax Compliance (FATCA), which requires foreign banks to sign an agreement with the Internal Revenue Service (IRS), and report this to their customers, U.S. citizens - so that they can authorize information sharing about their accounts.
Monday, September 19, 2011
In real terms the actual return of pension funds in El Salvador is still negative.
The nominal return in August on Salvadoran pension funds was 3.50%, but because inflation reached 6.82%, the loss of value to contributors savings was 3.32%.
The cause of this is ascribed to the inability of pension fund managers of to invest in assets other than those specified securities issued by the Salvadoran state, which supposedly are low risk, but which pay very low interest rates . "The Law of Pension Savings System (SAP) does not allow pension funds, made up with savings of contributors to the system, to be invested abroad."
Friday, July 15, 2011
The proposal to finance small enterprises using venture capital remains stalled.
Since last year, authorities have been analyzing financial market regulations that support the creation of the framework and its use for small businesses.
The delay, they say, is because they want to analyze every aspect of it, especially with regard to the risks, believing it could its use could become popularised among investors that do not meet the profile.
Tuesday, May 3, 2011
Four businesses have acquired part of the investment fund management company .
The sale of this subsidiary of Interbolsa is the latest in the list of changes and restructuring experienced by the Group since 2009, when it closed its money exchange office.
Thursday, July 1, 2010
This fund would consolidate all the shares owned by the State of Panama in several companies.
The government of Panama has requested proposals on how to organize this fund to three investment banks: Merrill Lynch, J.P. Morgan and Macquarie Capital.
Tuesday, February 9, 2010
The Securities Commission (Sugeval), is preparing regulation to enable venture capital funds to conduct public offerings.
In Costa Rica there are several venture capital funds, but they are private and cannot perform public offerings. The regulation to allow them to do it could be ready in a couple of weeks.
“José Rafael Brenes, CEO of the Costa Rican Stock Exchange, explained that Sugeval has the regulation almost ready, and could be ready in a few weeks”, reported Nacion.com.
Tuesday, February 9, 2010
Costa Rican financial group Interbolsa is looking for a partner to invest in its main asset, Interbolsa Sociedad Administradora de Fondos de Inversión.
50% of Interbolsa’s portfolio is composed of Real Estate Investment Trusts, considered the group’s key assets.
Wednesday, November 18, 2009
HSBC's Investment Fund unit announced they will only manage international funds.
This decision will affect over 1.000 investors with over $52 million in assets.
"The company announced that it began liquidating its funds on November 12, and that it will conclude on December 12", reports Nacion.com.
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