Institutional Investor just published rankings of Brazil’s largest money managers:
Banco do Brasil Administradora de Ativos in Rio de Janeiro, with $112.7 million in assets under management, captures the top spot in the Brazil 20, Institutional Investor‘s inaugural ranking of the country’s biggest money management firms. In second is São Paulo–based Banco Itaú, with $90.2 million. The state-owned Caixa Econômica Federal in São Paulo comes in third, with assets under management totaling $81.3 million.
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