One of the recurring themes at the SiLAS 2010 conference was the need for investors to get to know the collateral behind deals like never before.
This, naturally, means involved analysis. "If we don't understand a transaction, we don't buy it," said Jorge Unda, managing director of investments at BBVA Bancomer Asset Management. Unda has, on average, overseen assets of Ps481 billion ($37 billion) over the last two years, with clients ranging from pension funds and insurance companies to mutual funds and high-net-worth individuals. His division is the largest holder in Mexico for corporate and structured debt.