LarrainVial Asset Management hired UBP Asset Management as subadviser of Fondo Mutuo LarrainVial Europa, a European equity mutual fund registered in Chile, said Fernand Schoppig, president of FS Associates, which assisted in the manager search.
Mr. Schoppig said his consulting firm assisted in the search for a subadviser because the Chilean money management firm needed a replacement for its previous subadviser. He had no further information on the previous manager. The asset size of the fund could not be learned by press time.
LarranVial Asset Management is a Latin American equity and fixed-income money manager and has approximately $3.5 billion in assets under management.