(Bloomberg) Rio de Janeiro-based hedge fund Novus Capital is preparing to grow nearly fourfold in the next two years on the expectation Brazil outshines other emerging markets and attracts a flood of inflows. Novus currently manages 1.6 billion reais ($360 million) and has enough traders and analysts to handle 6 billion reais, Joao Feijo, the head of investor relations, said in an interview. The result of a 2018 merger between Modal Asset and Flag Asset, the fund has even greater ambitions: it wants to reach 10 billion reais and join the ranks of Brazil’s biggest asset managers.
Rio Hedge Fund Novus Seeks Fourfold Growth to Reach Big Leagues
This entry was posted in Syndicated. Bookmark the permalink.
