LatinFinance
Encyclopedia
LatinFinance is a provider of financial markets intelligence on Latin America and the Caribbean. It publishes a magazine LatinFinance and an early morning daily news alert, the LatinFinance Daily Brief, and runs a data intensive web-site and a series of networking events comprising discursive conferences and educational seminars. LatinFinance also organizes private round-tables focused on narrower more specialist topics, meetings with senior members of the governments of Latin America or the Caribbean, and capital introduction events for issuers from the region and investors in inter alia New York, Boston, London, Zurich, Abu Dhabi, Hong Kong, Mumbai and Beijing.
Founded in 1987 and published from New York and Miami, with a network of correspondents across Latin America and the Caribbean, LatinFinance has covered banking and capital markets in the region for two decades. It is primarily focused on debt
, equity
, structured finance
, syndicated lending and multilateral financing, and on the practical application of these products in finance and/or investment by sovereign, sub-sovereign, financial and corporate issuers and portfolio, private equity
and hedge fund
investors. It also covers secondary trading, tracks people-moves within the financial markets of Latin America and the Caribbean, explores legal issues impacting those markets, and examines the business of banking and the role of banking technology within the region.
, sovereign defaults
and subsequent Brady Plan of the late 1980s. During this period LatinFinance was primarily focused on debt, covering banks' attempts to reduce their exposure to LDC
debt, sovereigns' efforts to restructure their debt and raise fresh capital through amongst other things privatization
, and the secondary markets activity that grew from this.
]
The editorial focus, and readership, of the magazine expanded rapidly to encompass debt, equity, forex and emerging financial products including derivatives
and structured finance
products and to examine the practical application of these products by sovereign, sub-sovereign, financial and corporate issuers as well as their role in areas such as infrastructure
and project finance
, M&A, and financial risk management
. Over time travel, wine and art were added to the magazine's coverage and by the mid-1990s it was being described by The New York Times as the "glossy magazine that fills the coffee-table niche" among titles covering business in Latin America. For a while LatinFinance even carried a regular, if short-lived, Japanese-language section.
Though the company organized several events, and published some books, through the end of the 1990s LatinFinance's business was predominantly magazine publishing with both revenues and profits derived primarily from advertising sales and magazine subscriptions. The period following the Argentine economic crisis and default in early 2002 proved especially challenging for Latin American financial markets and those active in them. LatinFinance's performance in its 2002 financial year slumped to the worst in its then 15-year history though it remained profitable and was even able to consider, though ultimately to reject, suggestions that it absorb the two other pan-regional business-to-business titles.
From 2003 LatinFinance embarked on a new strategy to diversify from its core magazine by accelerating the expansion of its events and seminars and to deepen and broaden its coverage through investment in and a realignment of editorial – notably replacing its entire editorial staff and moving editorial from Miami to either New York or into Latin America – thus enabling the launch of electronic news and data products. During this period LatinFinance refocused on its core finance and investment subjects ceasing, for example, publication of its longstanding, annual Corporate Travel Guide. Concurrently LatinFinance's editorial broadened into an explicit aim to "examine the drivers and direction of movements of capital into, out of and around Latin America and the Caribbean, as they happen, wherever those flows come from or from where-ever they are directed". Therefore, in addition to Latin America and the Caribbean, LatinFinance is now active in the major financial centers of North America and Europe as well as in newer centers for capital provision including the GCC, India and China.
LatinFinance has won numerous editorial awards and on its 20th Anniversary in 2008 was honored by Nasdaq for its contribution to the evolution of the capital markets of Latin America and the Caribbean.
In September 2011 LatinFinance launched an equity index in association with Management & Excellence, the Madrid and Sao Paulo based consultancy.
(EII plc) a UK-based FTSE-250 media company itself controlled by Daily Mail & General Trust plc. In addition to LatinFinance, EII plc is the parent of over 100 other titles including the global capital markets magazine Euromoney and Institutional Investor
.
Within Latin America and the Caribbean the circulation of LatinFinance magazine is primarily to issuers (sovereign, corporate and financial) though increasingly also to the evolving local buy-side. Outside Latin America and the Caribbean distribution is primarily to institutional investors including hedge fund and private equity investors.
The magazine has a BPA audited circulation and a readership of some 55,000. Several thousand additional copies are distributed at events including the World Bank
and International Monetary Fund
Annual Meetings, the Inter American Development Bank or IDB Annual Meeting and at the annual Felaban Assembly.
on the Latin American capital markets and finance content of its meetings and chaired panels at the World Economic Forum on Latin America.
Founded in 1987 and published from New York and Miami, with a network of correspondents across Latin America and the Caribbean, LatinFinance has covered banking and capital markets in the region for two decades. It is primarily focused on debt
Debt
A debt is an obligation owed by one party to a second party, the creditor; usually this refers to assets granted by the creditor to the debtor, but the term can also be used metaphorically to cover moral obligations and other interactions not based on economic value.A debt is created when a...
, equity
Stock
The capital stock of a business entity represents the original capital paid into or invested in the business by its founders. It serves as a security for the creditors of a business since it cannot be withdrawn to the detriment of the creditors...
, structured finance
Structured finance
Structured finance is a broad term used to describe a sector of finance that was created to help transfer risk and avoid lawsStructured finance is a broad term used to describe a sector of finance that was created to help transfer risk and avoid laws...
, syndicated lending and multilateral financing, and on the practical application of these products in finance and/or investment by sovereign, sub-sovereign, financial and corporate issuers and portfolio, private equity
Private equity
Private equity, in finance, is an asset class consisting of equity securities in operating companies that are not publicly traded on a stock exchange....
and hedge fund
Hedge fund
A hedge fund is a private pool of capital actively managed by an investment adviser. Hedge funds are only open for investment to a limited number of accredited or qualified investors who meet criteria set by regulators. These investors can be institutions, such as pension funds, university...
investors. It also covers secondary trading, tracks people-moves within the financial markets of Latin America and the Caribbean, explores legal issues impacting those markets, and examines the business of banking and the role of banking technology within the region.
History
The magazine LatinFinance was first published in October 1988. Its initial editorial objective was, in large part, to explore and document the changes and opportunities in Latin America brought about as a result of the Latin American debt crisisLatin American debt crisis
The Latin American debt crisis was a financial crisis that occurred in the early 1980s , often known as the "lost decade", when Latin American countries reached a point where their foreign debt exceeded their earning power and they were not able to repay it.-Origins:In the 1960s and 1970s many...
, sovereign defaults
Default (finance)
In finance, default occurs when a debtor has not met his or her legal obligations according to the debt contract, e.g. has not made a scheduled payment, or has violated a loan covenant of the debt contract. A default is the failure to pay back a loan. Default may occur if the debtor is either...
and subsequent Brady Plan of the late 1980s. During this period LatinFinance was primarily focused on debt, covering banks' attempts to reduce their exposure to LDC
LDC
LDC may refer to:* Least Developed Countries* Lyon Dubai City* Linley's Dungeon Crawl, a Roguelike role-playing game* Long Distance Code of Reed-Solomon code* Local Development Corporation* Local Distribution Company* Leonardo DiCaprio...
debt, sovereigns' efforts to restructure their debt and raise fresh capital through amongst other things privatization
Privatization
Privatization is the incidence or process of transferring ownership of a business, enterprise, agency or public service from the public sector to the private sector or to private non-profit organizations...
, and the secondary markets activity that grew from this.
The editorial focus, and readership, of the magazine expanded rapidly to encompass debt, equity, forex and emerging financial products including derivatives
Derivative (finance)
A derivative instrument is a contract between two parties that specifies conditions—in particular, dates and the resulting values of the underlying variables—under which payments, or payoffs, are to be made between the parties.Under U.S...
and structured finance
Structured finance
Structured finance is a broad term used to describe a sector of finance that was created to help transfer risk and avoid lawsStructured finance is a broad term used to describe a sector of finance that was created to help transfer risk and avoid laws...
products and to examine the practical application of these products by sovereign, sub-sovereign, financial and corporate issuers as well as their role in areas such as infrastructure
Infrastructure
Infrastructure is basic physical and organizational structures needed for the operation of a society or enterprise, or the services and facilities necessary for an economy to function...
and project finance
Project finance
Project finance is the long term financing of infrastructure and industrial projects based upon the projected cash flows of the project rather than the balance sheets of the project sponsors...
, M&A, and financial risk management
Financial risk management
Financial risk management is the practice of creating economic value in a firm by using financial instruments to manage exposure to risk, particularly credit risk and market risk. Other types include Foreign exchange, Shape, Volatility, Sector, Liquidity, Inflation risks, etc...
. Over time travel, wine and art were added to the magazine's coverage and by the mid-1990s it was being described by The New York Times as the "glossy magazine that fills the coffee-table niche" among titles covering business in Latin America. For a while LatinFinance even carried a regular, if short-lived, Japanese-language section.
Though the company organized several events, and published some books, through the end of the 1990s LatinFinance's business was predominantly magazine publishing with both revenues and profits derived primarily from advertising sales and magazine subscriptions. The period following the Argentine economic crisis and default in early 2002 proved especially challenging for Latin American financial markets and those active in them. LatinFinance's performance in its 2002 financial year slumped to the worst in its then 15-year history though it remained profitable and was even able to consider, though ultimately to reject, suggestions that it absorb the two other pan-regional business-to-business titles.
From 2003 LatinFinance embarked on a new strategy to diversify from its core magazine by accelerating the expansion of its events and seminars and to deepen and broaden its coverage through investment in and a realignment of editorial – notably replacing its entire editorial staff and moving editorial from Miami to either New York or into Latin America – thus enabling the launch of electronic news and data products. During this period LatinFinance refocused on its core finance and investment subjects ceasing, for example, publication of its longstanding, annual Corporate Travel Guide. Concurrently LatinFinance's editorial broadened into an explicit aim to "examine the drivers and direction of movements of capital into, out of and around Latin America and the Caribbean, as they happen, wherever those flows come from or from where-ever they are directed". Therefore, in addition to Latin America and the Caribbean, LatinFinance is now active in the major financial centers of North America and Europe as well as in newer centers for capital provision including the GCC, India and China.
In September 2011 LatinFinance launched an equity index in association with Management & Excellence, the Madrid and Sao Paulo based consultancy.
Ownership and management
LatinFinance is the trade name of Latin American Financial Publications Inc., a wholly owned subsidiary of Euromoney Institutional Investor plcEuromoney Institutional Investor PLC
Euromoney Institutional Investor PLC is one of Europe's largest business and financial magazine publishers which has interests in financial publishing and event organization. It is a constituent of the FTSE 250 Index...
(EII plc) a UK-based FTSE-250 media company itself controlled by Daily Mail & General Trust plc. In addition to LatinFinance, EII plc is the parent of over 100 other titles including the global capital markets magazine Euromoney and Institutional Investor
Institutional investor
Institutional investors are organizations which pool large sums of money and invest those sums in securities, real property and other investment assets...
.
Products
LatinFinance publishes the magazine LatinFinance and an early morning daily news alert, the LatinFinance Daily Brief. It runs a data intensive web-site, www.latinfinance.com – home to its League Tables and Deal Pipeline – and a series networking events comprising discursive conferences and educational seminars.- LatinFinance, the magazine, is issued six times each year. In addition to analytical features it runs a series of respected and widely reported polls and awards – including its annual Deals of the Year,Man of the Year, and The LatinFinance Banks of the Year – and several surveys most notably a respected series ranking the sustainability of the region's banks and companies in association with M&E, a Madrid and São Paulo based consultancy.
- LatinFinance Events include a number of geographically-defined conferences and product- or market-defined educational seminars that take place in Latin America and the Caribbean, in the major financial centers of North America and Europe as well as in newer centers for capital provision including the GCC, India, China and the Asia-Pacific.
- The LatinFinance Daily Brief was launched in 2007, initially as a free, round-up of macro and markets news, much from secondary sources. It rapidly evolved to favor primary reporting and to deliver short, distilled news items before the financial markets open in the Americas. It is primarily deal-focused and seeks to follow the narrative of a debt, equity, structured or M&A deal from substantiated rumor, through negotiation, structuring, pricing, close and into its secondary marketSecondary marketThe page applies to the finanical term; For the merchandising concept, see Aftermarket .The secondary market, also called aftermarket, is the financial market where previously issued securities and financial instruments such as stock, bonds, options, and futures are bought and sold....
performance. It also covers movements in ratings, capital in- and out-flows, and movements of senior and/or influential people. The Daily Brief has broken many news stories, some of major significance, and often leads with the details of evolving deals. - League Tables comprise a series of regularly updated underwriting and advisory league tables for debt, equity and M&A, by size, number of deals and fees, tracking the performance of investment banks active in the region
- The LatinFinance Deal Pipeline is a database of upcoming and recently closed Latin American and Caribbean debt, equity and M&A deals including size, date, pricing, tenor.
Readership and circulation
LatinFinance readers include heads of state, finance ministers and heads of public credit, heads of retail and investment banks, corporate and sovereign issuers, leading portfolio managers, private equity and hedge fund investors, traders and analysts.Within Latin America and the Caribbean the circulation of LatinFinance magazine is primarily to issuers (sovereign, corporate and financial) though increasingly also to the evolving local buy-side. Outside Latin America and the Caribbean distribution is primarily to institutional investors including hedge fund and private equity investors.
The magazine has a BPA audited circulation and a readership of some 55,000. Several thousand additional copies are distributed at events including the World Bank
World Bank
The World Bank is an international financial institution that provides loans to developing countries for capital programmes.The World Bank's official goal is the reduction of poverty...
and International Monetary Fund
International Monetary Fund
The International Monetary Fund is an organization of 187 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world...
Annual Meetings, the Inter American Development Bank or IDB Annual Meeting and at the annual Felaban Assembly.
The World Economic Forum
LatinFinance has advised the World Economic ForumWorld Economic Forum
The World Economic Forum is a Swiss non-profit foundation, based in Cologny, Geneva, best known for its annual meeting in Davos, a mountain resort in Graubünden, in the eastern Alps region of Switzerland....
on the Latin American capital markets and finance content of its meetings and chaired panels at the World Economic Forum on Latin America.