Credicorp Capital Notifies Clients of Investment Recovery Process Following Sartor Fund Management Issues
Credicorp Capital Notifies Clients of Investment Recovery Process Following Sartor Fund Management Issues
The funds were impacted by recent regulatory actions and alleged misconduct involving Sartor Administradora General de Fondos S.A. in Chile.Credicorp Capital offers to buy all client investments in affected funds due to Sartor's misconduct, ensuring client protection.
Credicorp Capital 提供购买因Sartor不当行为而受影响基金的所有客户投资，以确保客户保护。
Quiver AI Summary
Quiver AI 概要
Credicorp Ltd. announced that its subsidiary, Credicorp Capital, is offering to purchase the full value of investments in its Credicorp Capital Factoring Dólares FMIV and Credicorp Capital Factoring Soles FMIV funds, which have been affected by regulatory actions against third-party fund manager Sartor in Chile. After the Chilean Financial Market Commission suspended contributions and ordered the liquidation of Sartor-managed funds following misconduct allegations, Credicorp Capital will enter participation transfer agreements through its affiliate, Atlantic Security Holding Corporation, covering investments valued up to US$125.3 million. This initiative aims to alleviate clients' concerns during the liquidation process, with the expectation of partial fund recovery and ongoing updates to clients as the situation evolves. Credicorp operates in several countries, including Peru, Chile, Colombia, Bolivia, and Panama, and has a diverse portfolio across various financial services.
Credicorp Ltd.宣布其子公司Credicorp Capital正在提供购买其Credicorp Capital Factoring Dólares FMIV及Credicorp Capital Factoring Soles FMIV基金的全部投资价值，这些基金因对第三方基金经理Sartor在智利的监管行动而受到影响。在智利金融市场委员会 suspends contributions and ordered the liquidation of Sartor-managed funds following misconduct allegations后，Credicorp Capital将通过其附属公司Atlantic Security Holding Corporation签订参与转让协议，涵盖投资价值高达12530万美元。此举旨在缓解客户在清算过程中的担忧，期望部分基金能够恢复，并在事态发展过程中不断向客户更新信息。Credicorp在包括秘鲁、智利、哥伦比亚、玻利维亚和巴拿马等多个国家开展业务，并且在各种金融服务中拥有多样化的投资组合。
Potential Positives
潜在的积极因素
- Credicorp Capital's proactive decision to purchase 100% of the investment value from affected clients demonstrates a strong commitment to customer service and financial accountability.
- The acquisition of these funds allows Credicorp to take on creditor status with Sartor, positioning the company to potentially recover lost investments through legal actions.
- By ensuring that clients will not experience the uncertainty associated with Sartor's liquidation process, Credicorp reinforces trust and reliability within its client base.
- The rapid response to the situation, including a commitment to complete the purchase within 45 days, showcases Credicorp's operational efficiency and responsiveness to regulatory challenges.
- Credicorp Capital主动决定从受影响客户那里购买100%的投资价值，展示了对客户服务和财务责任的坚定承诺。
- 收购这些基金使Credicorp能够与Sartor建立债权人身份，提升公司通过法律行动寻回损失投资的潜力。
- 通过确保客户不会经历与Sartor清算过程相关的不确定性，Credicorp增强了客户基础中的信任和可靠性。
- 对这一状况的迅速反应，包括承诺在45天内完成购买，展示了Credicorp的运营效率及其对监管挑战的响应能力。
Potential Negatives
潜在负面因素
- Credicorp's involvement in the regulatory issues surrounding Sartor could damage its reputation as a reliable financial services provider, raising concerns among investors and clients.
- The necessity for Credicorp Capital to purchase the value of investments from clients indicates potential losses tied to the performance and management of third-party funds, which may impact the company's financial stability.
- The suspension of contributions, redemptions, and payments for the funds managed by Sartor could lead to a loss of client trust and confidence in Credicorp's investment management capabilities.
- Credicorp在Sartor周围的监管问题中的参与可能会损害其作为可靠金融服务提供商的声誉，这引发了投资者和客户的担忧。
- Credicorp Capital需从客户手中购买投资价值的必要性，表明与第三方基金的表现和管理相关的潜在损失，这可能会影响公司的财务稳定性。
- Sartor管理的基金的捐款、赎回和支付的暂停可能会导致客户对Credicorp投资管理能力失去信任和信心。
FAQ
常见问题
What investment funds is Credicorp Capital purchasing?
Credicorp Capital正在购买哪些投资基金？
Credicorp Capital is purchasing 100% of the investments in the Credicorp Capital Factoring Dólares FMIV and Factoring Soles FMIV funds.
Credicorp Capital正在购买Credicorp Capital Factoring Dólares FMIV和Factoring Soles FMIV基金的100%投资。
Why were the funds impacted?
这些基金为什么受到影响？
The funds were impacted by recent regulatory actions and alleged misconduct involving Sartor Administradora General de Fondos S.A. in Chile.
这些基金受到近期监管行动和涉及智利Sartor Administradora General de Fondos S.A.的 alleged misconduct 影响。
How much investment value does Credicorp Capital cover?
Credicorp Capital 覆盖的投资价值是多少？
Credicorp Capital is prepared to cover up to US$125.3 million in investment value through its affiliate Atlantic Security Holding Corporation.
Credicorp Capital 准备通过其子公司 Atlantic Security Holding Corporation 覆盖高达12530万美元的投资价值。
What legal actions is Credicorp Capital pursuing?
Credicorp Capital 正在追求哪些法律行动？
Credicorp Capital will seek to recover funds and hold those responsible accountable following its assumption of creditor status with Sartor.
Credicorp Capital 将寻求恢复资金并追究那些负责的人的责任，此前它已与Sartor假定了债权人地位。
When will clients receive their investment back?
客户何时能收到他们的投资？
Credicorp Capital has committed to acquiring the value of investment units from clients within 45 days from the announcement.
Credicorp Capital 已承诺在公告后45天内为客户收购投资单位的价值。
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
免责声明：这是由GlobeNewswire分发的新闻稿的人工智能生成摘要。用于总结这份稿件的模型可能会出错。请在这里查看完整发布。
$BAP Hedge Fund Activity
$BAP对冲基金活动
We have seen 129 institutional investors add shares of $BAP stock to their portfolio, and 154 decrease their positions in their most recent quarter.
我们看到129家机构投资者在他们的投资组合中新增了$BAP股票，154家在最近一个季度减少了他们的持仓。
Here are some of the largest recent moves:
以下是最近的一些重大变动：
- NINETY ONE UK LTD added 728,920 shares (+234.1%) to their portfolio in Q3 2024
- MARTIN CURRIE LTD removed 314,600 shares (-100.0%) from their portfolio in Q3 2024
- PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO added 236,468 shares (+inf%) to their portfolio in Q3 2024
- FMR LLC added 199,137 shares (+6.1%) to their portfolio in Q3 2024
- GOLDMAN SACHS GROUP INC removed 155,291 shares (-16.3%) from their portfolio in Q3 2024
- CARRHAE CAPITAL LLP added 154,577 shares (+inf%) to their portfolio in Q3 2024
- NINETY ONE NORTH AMERICA, INC. added 142,700 shares (+191.3%) to their portfolio in Q3 2024
- NINETY ONE UK LTD在2024年第三季度增加了728,920股(+234.1%)到他们的投资组合中
- MARTIN CURRIE LTD在2024年第三季度从他们的投资组合中移除了314,600股(-100.0%)
- 俄亥俄州公共员工退休系统在2024年第三季度增加了236,468股(+inf%)到他们的投资组合中
- FMR LLC在2024年第三季度增加了199,137股(+6.1%)到他们的投资组合中
- 高盛集团INC在2024年第三季度从他们的投资组合中移除了155,291股(-16.3%)
- CARRHAE CAPITAL LLP 在2024年第三季度增加了154,577股（+inf%）到他们的投资组合中
- NINETY ONE NORTH AMERICA, INC. 在2024年第三季度增加了142,700股（+191.3%）到他们的投资组合中
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
要跟踪对冲基金的股票投资组合，请查看Quiver Quantitative的机构持有情况仪表。
Full Release
完整发布
Lima, Dec. 30, 2024 (GLOBE NEWSWIRE) --
LIMA, PERU, December 30, 2024 –
Credicorp Ltd. ("Credicorp") (NYSE: BAP | BVL: BAP),
the leading financial services holding company in Peru with a presence in Chile, Colombia, Bolivia, and Panama, announced today that its subsidiary Credicorp Capital S.A. Sociedad Administradora de Fondos ("Credicorp Capital"), has notified its clients that it has offered to purchase 100% of the value of investments in the Credicorp Capital Factoring Dólares FMIV and Credicorp Capital Factoring Soles FMIV funds. These funds, which had exposure to assets managed by Sartor Administradora General de Fondos S.A. ("Sartor") in Chile, a third-party fund manager, were impacted by recent regulatory actions and alleged misconduct at Sartor.
利马，2024年12月30日（全球新闻通讯） --
秘鲁利马，2024年12月30日 –
Credicorp Ltd.（"Credicorp"）（纽交所：BAP | BVL: BAP），
作为在智利、哥伦比亚、玻利维亚和巴拿马拥有业务的秘鲁领先金融服务控股公司，今天宣布其子公司Credicorp Capital S.A. 社会管理基金（"Credicorp Capital"）已通知其客户，已提出购买Credicorp Capital Factoring Dólares FMIV和Credicorp Capital Factoring Soles FMIV基金100%投资价值的提议。这些基金曾接触到智利第三方基金经理Sartor Administradora General de Fondos S.A.（"Sartor"）所管理的资产，受到了最近监管行动和Sartor涉嫌不当行为的影响。
To facilitate the purchase process, Credicorp Capital will execute participation transfer agreements through its affiliate Atlantic Security Holding Corporation (ASHC), covering up to US$125.3 million in investment value. As a result, Credicorp Capital (directly or through its affiliate) would assume creditor status with respect to Sartor, pursuing legal actions to recover funds and holding those responsible accountable. Credicorp expects to partially recover these funds and will be providing updates as they become available.
为了便利购买过程，Credicorp Capital 将通过其附属机构大西洋安防控股公司（ASHC）执行参与转让协议，投资总价值最高可达12530万美元。因此，Credicorp Capital（直接或通过其附属机构）将以债权人的身份承担与Sartor相关的责任，追索救助资金并追究相关责任人。Credicorp 预计将部分追回这些资金，并将根据最新进展提供更新。
As publicly disclosed, the Chilean Financial Market Commission (CMF) recently ordered the suspension of contributions, as well as redemptions and payments, of all funds managed by Sartor, which included the Credicorp Capital Factoring Soles FMIV and Credicorp Capital Factoring Dólares FMIV funds. Following a complaint filed by Credicorp Capital, the CMF issued a resolution on December 20, 2024, by which it (i) revoked Sartor's authorization to operate, and (ii) ordered the liquidation of all funds under Sartor's management.
根据公开披露，智利金融市场委员会（CMF）最近下令暂停对Sartor管理的所有基金的贡献、赎回和支付，这些基金包括Credicorp Capital Factoring Soles FMIV和Credicorp Capital Factoring Dólares FMIV基金。在Credicorp Capital提出的投诉后，CMF于2024年12月20日发出了一项决议，内容包括（i）撤销Sartor的运营授权，以及（ii）下令清算Sartor管理下的所有基金。
In response to this situation, Credicorp Capital has committed to acquiring through ASHC the value of the investment units from its clients within 45 days. This move seeks to ensure that clients will not bear the uncertainty of the liquidation process of Sartor-managed funds, which was mandated by the CMF.
针对这一情况，Credicorp Capital 已承诺在45天内通过ASHC收购其客户的投资单位价值。这一举措旨在确保客户不会承受Sartor管理基金的清算过程的不确定性，该清算是由CMF所要求的。
About Credicorp Ltd.
关于Credicorp有限公司。
Credicorp Ltd. (NYSE: BAP) is the leading financial services holding company in Peru, with a diversified business portfolio organized into four primary lines of business: Universal Banking, through Banco de Crédito del Perú (BCP) and Banco de Crédito de Bolivia; Microfinance, through Mibanco in Peru and Colombia; Insurance and Pension Funds, through Grupo Pacifico and Prima AFP; and Investment Management and Advisory, through Credicorp Capital and ASB Bank Corp. Credicorp has a presence in Peru, Chile, Colombia, Bolivia, and Panama.
Credicorp有限公司（纽交所：BAP）是秘鲁领先的金融服务控股公司，具有多元化的业务组合，分为四个主要业务领域：综合银行业务，通过秘鲁信贷银行（BCP）和玻利维亚信贷银行；微型金融，通过秘鲁和哥伦比亚的Mibanco；保险和养老金，通过太平洋集团和Prima AFP；以及投资管理和咨询，通过Credicorp Capital和ASb Bank Corp。Credicorp在秘鲁、智利、哥伦比亚、玻利维亚和巴拿马均有业务。
Safe Harbor Statement
安全港声明
This press release contains forward-looking statements. These statements, which include words such as "will", "would", "expects" and "seeks", are based on the current beliefs and expectations of Credicorp's management and are subject to risks and uncertainties. Actual results may differ materially from those projected. Credicorp Ltd. assumes no obligation to update these statements.
本新闻稿包含前瞻性声明。这些声明中包含的词汇如“将”、“会”、“预期”和“寻求”等，基于Credicorp管理层当前的信念和预期，并受到风险和不确定性的影响。实际结果可能与预期大相径庭。Credicorp Ltd. 不承担更新这些声明的义务。
For more information, please refer to our filings with the U.S. Securities and Exchange Commission.
如需更多信息，请参考我们提交给美国证券交易委员会的文件。
IR Contact
:
投资者关系联系方式
:
investorrelations@credicorpperu.com
investorrelations@credicorpperu.com
Investor Relations
Credicorp Ltd.
投资者关系
Credicorp股份有限公司。
