The five asset managers that gained the most clients in 2021 together attracted almost 1.6 million new shareholders to their investment funds. Three of them are “independent” and two are linked to large banks. XP Allocation Asset Management, linked to XP, was the one that gained the most clients, with 478,700 new members. Then comes […]
The Asian Infrastructure Investment Bank (AIIB) approved its first credit operation for Brazil, in the amount of $100 million for the Minas Gerais Development Bank (BDMG). This comes four months after Brazil became an effective partner in this China-led, Beijing-based multilateral development bank. The funds are expected to be available to BDMG in three tranches […]
Pátria Investimentos fund closed an agreement to purchase the hydroelectric plants of British company ContourGlobal in Brazil for $313 million, including debt – Pátria will pay $162 million. The assets traded have an installed capacity of 168 megawatts (MW). The deal, expected to be completed in the second quarter, was a first step in ContourGlobal’s […]