Bloomberg – Gartmore Investment Management Ltd.’s Christopher Palmer needed only a day in Rio de Janeiro to scout for investment opportunities while visiting Brazil six years ago. Now half a week in the city isn’t enough.
A half a century after losing its status as Brazil’s capital, Rio is becoming an engine of Latin America’s largest economy. The city lured at least two dozen hedge funds in the past decade as well as the nation’s leading oil producers, the 2014 World Cup and the 2016 summer Olympics.
