Latest news with #VerdeAssetManagement
Yahoo
29-07-2025
- Business
- Yahoo
Vinci Compass in talks to buy Brazilian asset manager Verde
By Andre Romani SAO PAULO (Reuters) -Vinci Compass is in talks to buy Verde Asset Management, one of Latin America's most established hedge funds, Verde told Reuters on Monday, confirming earlier news reports. The move, set to be carried out through a share swap, would put Vinci, a Nasdaq-listed firm focused on alternative investments such as private equity, and Verde under the same roof. News outlet Brazil Journal first reported the potential deal, citing sources. The two firms combined manage nearly $58 billion in assets, according to data on their websites. The two Brazilian asset managers reached an initial agreement for a joint venture that would give Vinci control of Verde after five years, Verde confirmed. Verde's management would remain autonomous during that period, and Verde co-founder Luis Stuhlberger is set to remain as partner, it added. Vinci did not immediately respond to a request for comment sent outside normal business hours.
Bloomberg
15-04-2025
- Business
- Bloomberg
Brazil Hedge Funds Tout Rate Bets on Tariff-Led Slowdown Fear
Brazilian hedge funds are positioning for lower interest rates in their home market amid angst over a global recession as Donald Trump's tariffs roil assets worldwide. Legacy Capital, a hedge fund with $2.9 billion (17 billion reais) in assets under management, is building positions that gain from falling rates in emerging markets including Brazil, according to a monthly note to clients. Meanwhile Verde Asset Management, which holds $2.7 billion in assets, increased exposure to local inflation-linked notes, expecting real rates to fall.
