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Stock impact report

Biggest Brazil Fund Manager Seeks Partners for $380 Billion Goal [Yahoo! Finance]

BANCO DO BRASIL SA S/ADR (BDORY) 
Company Research Source: Yahoo! Finance
Most Read from Bloomberg Billionaire-Friendly Modi Humbled by Indians Who Make $4 a Day A Struggling Business Park Deals a Blow to Singapore's Regional Hub Ambitions ‘Everything Is Not Going to Be OK' in Private Equity, Apollo's Co-President Says Nvidia Tops $3 Trillion in Market Value, Leapfrogging Apple Behind ‘Suicide Squad,' the Year's Biggest Video-Game Flop The growth strategy is something of a reversal for BB Asset Management, a unit of government-controlled Banco do Brasil SA. Former Brazil President Jair Bolsonaro put BB Asset up for sale, but didn't finish the process before Luiz Inacio Lula da Silva took his job last year and scotched the idea. “There is no plan to sell BB Asset, on the contrary: We want to strengthen our pillars through strategic partnerships with fund-management firms with the best skills and leaders in their segments,” BB Asset Chief Executive Officer Denisio Liberato said in an interview in Sao Paulo. With 1.6 trillion reais under manag Show less Read more
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