- LatinFinance
Infobox_Company
company_name = LatinFinance
company_
company_type = Private
company_slogan = "The news that moves markets"
foundation =1987
location =New York &Miami
with correspondents in São Paulo, Mexico City, Bogotá, Lima, Buenos Aires, Beijing
key_people =Stuart Allen (CEO)
James Crombie (Editor-in-Chief )
industry =Financial Media/Information
homepage = [http://www.latinfinance.com www.latinfinance.com]
LatinFinance (written as single word, with an upper-case L and F) 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 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 and Dubai
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 andcapital markets in the region for two decades. It is primarily focused ondebt ,equity ,structured finance ,syndicated lending andmultilateral 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 andhedge 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.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 crisis , sovereigndefaults and subsequentBrady Plan of the late 1980s. During this period LatinFinance was primarily focused on debt, covering banks' attempts to reduce their exposure toLDC debt, sovereigns' efforts to restructure their debt and raise fresh capital through amongst other thingsprivatization , and thesecondary 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 includingderivatives andstructured 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 asinfrastructure andproject finance ,M&A , andfinancial risk management . Over time travel, wine and art were all 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. [ [http://query.nytimes.com/gst/fullpage.html?res=9F04EEDE1E3BF93AA2575AC0A962958260&sec=&spon="A boom in latin business reading"] New York Times, September 19, 1994] 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' 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.
In step with these changes LatinFinance's editorial policy 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, where-ever 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 Gulf and China.
LatinFinance has won numerous editorial awards over the past two decades, [ [http://www.tabpi.org/2006/2006b.htm LatinFinance wins in TABPI single issue category] ] 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. [ [http://www.nasdaq.com/marketsite/VIDEOS/mc_032408.wmv Nasdaq honors LatinFinance] ]
Ownership and management
LatinFinance is the trade name of Latin American Financial Publications Inc., a wholly owned subsidiary of
Euromoney Institutional Investor plc (EII plc) a UK-based FTSE-250 media company itself controlled byDaily Mail & General Trust plc . In addition to LatinFinance, EII plc is the parent of over 100 other titles including the global capital markets magazineEuromoney andInstitutional Investor . LatinFinance is managed by Stuart Allen, the CEO & Publisher. The current Editor-in-Chief is James Crombie formerly the Latin America head atInternational Financing Review .Products
LatinFinance publishes the magazine "LatinFinance" and an early morning daily news alert, the "LatinFinance Daily Brief". It runs a data intensive web-site, [http://www.latinfinance.com 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 10 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", [ [http://www.secinfo.com/d17EG1.z4k.htm#1stPage GOL announces its “LatinFinance Best Equity Deal of The Year” award] As reported to the SEC, February, 2005] "Man of the Year", [ [http://www.elcomercio.com.pe/edicionimpresa/Html/2008-03-15/alan-garcia-fue-elegido-hombre-ano-revista-latin-finance.html "Alan Garcia fue elegido hombre del año"] El Comercio, March 15, 2008] and "The LatinFinance Banks of the Year" [ [http://www.ifc.org/ifcext/media.nsf/Content/LatinFinance_IFC_Best_Multilater_Nov07 "Innovation makes IFC Best Multilateral of the Year"] IFC News, November 6, 2007] – and several surveys most notably a respected series ranking the sustainability of the region's banks ["Sustentabilidade: Bancos Brasileiros lideram em governança em região" Valor, September 11, 2008] and companies in association with M&E, a Madrid and São Paulo based consultancy. [ [http://www.management-rating.com/index.php?lng=en&cmd=210 M&E and LatinFinance sustainability studies and rankings] ]
* "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 Gulf and China.
* 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 itssecondary market 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, [ [http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a3GOfB2Zj1EE Bovespa says BM&F merger may make sense, LatinFinance reports] Bloomberg, December 21, 2007] and often leads with the details of evolving deals. [ [http://www.portfolio.com/views/blogs/market-movers/2008/02/05/vale-sees-its-loan-spreads-gap-out Vale see its loan spreads gap out] Portfolio, February 5, 2008]
* "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 ofinvestment 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 andinvestment 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. [ [http://www.bpaww.com BPA audited circulation] ]The magazine has a BPA audited circulation of near 30,000 copies [ [http://www.bpaww.com BPA audited circulation] ] while several thousand additional copies are distributed at events including the
World Bank andIMF Annual Meetings, theInter American Development Bank or IDB Annual Meeting and at the annual Felaban Assembly.External corporate relationships
The World Economic Forum
LatinFinance has advised the
World Economic Forum on the Latin American capital markets content of its meetings and chaired the capital markets panel at the World Economic Forum on Latin America. [ [http://www.weforum.org/en/knowledge/Events/2008/WorldEconomicForumonLatinAmerica/KN_SESS_SUMM_24231?url=/en/knowledge/Events/2008/WorldEconomicForumonLatinAmerica/KN_SESS_SUMM_24231 The Competitiveness of Capital Markets] The World Economic Forum on Latin America, April 2008]World Fund
LatinFinance has a long-established relationship with World Fund, the New York based charity focused on improving education across Latin America. LatinFinance's CEO sits on their advisory board and World Fund has been LatinFinance's "preferred charity" since 2006. [ [http://www.worldfund.org World Fund] ]
Notes and references
External links
* [http://www.latinfinance.com LatinFinance Official Site]
* [http://www.iadb.org/am/2009 IDB]
* [http://www.imf.org/external/am/2008/index.htm IMF & World Bank]
* [http://www.congrexpo.com/felaban2008 Felaban]
* [http://www.worldfund.org World Fund]
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