Sura Targets Global Investors to Double Assets in Latin America
- Anticipates Australia’s first investment in funds this month
- Applying for Luxembourg license; assets may reach $25 billion
Pedestrians are seen passing in front of the Santiago Stock Exchange in downtown Santiago, Chile.
Photographer: Cristobal Olivares/BloombergThis article is for subscribers only.
In a world of low returns, Colombia’s Sura Asset Management seeks to convince large institutional investors to bet on greater profitability in Latin America.
Sura Investment Management, the division of Sura Asset Management that serves this client segment, is working to bring its various Latin American funds to international investors. Its target is to more than double its assets under management and reach $25 billion in AUM by the end of 2023 according to Pablo Sprenger, CEO of Sura Investment Management.