Wed, Mar 29, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Brazil's Mauá Investimentos and Sekular Investimentos merge to form Mauá Sekular Participações S.A.

Monday, October 26, 2009
Opalesque Industry Updates - Mauá Investimentos (www.mauainvest.com.br) and Sekular Investimentos announced their agreement to merge into a new company, to be named Mauá Sekular Participações S.A.

The merger is aligned with both partners’ strategic visions: to form a consolidated Investment Company able to offer innovative and unique solutions to its clients.

In keeping with the partners commitments to seek the best opportunities for clients the new company will reinforce and strengthen its operations initially by unifying the areas of research, back office, compliance and risk management. Additionally Mauá Sekular Participações will be positioned to have a broader product offering by focusing on three distinct areas of operations:

• Investment Fund Management
• Credit Fund Management
• Wealth Management

The Investment Fund Management unit will remain under the leadership of Mr. Luiz Fernando Figueiredo, and will focus on the management of mutual funds and hedge funds with mandates to invest in liquid assets in the Brazilian capital markets. The investment philosophy will remain the same that has underscored Mauá’s activities since its founding in 2005 and will continue to be implemented by a team that has, on average, 18 years of experience in the Brazilian and global capital markets.

The Credit Fund Management unit will develop and manage asset-backed receivable funds, in addition to creating other related structured products. These market niches continue to register significant growth in Brazil, especially due to the development of new credit instruments in the local market. Mr. João Carlos Chede, formerly Executive Vice President of Banco Safra’s credit operations, will manage the unit. Mr. Chede was a member of Banco Safra’s executive committee and has 37 years of experience in Brazilian financial institutions.

The Wealth Management unit will focus on serving “High Net Worth” clients and families. Brazil’s emergence into the world market has created significant demand for services in these areas. Mr. João Cesar Tourinho, formerly Executive Vice President of Banco Safra’s investment bank and treasury operations, will manage the unit. Mr. Tourinho was a member of Banco Safra’s executive committee and has 28 years of experience in global financial markets.

The merger positions Mauá Sekular Participações to benefit from the challenges and opportunities in Brazil in the coming years and will create an Investment Company with a strong capital base, assets under management of approximately BRL 1 billion, and over 500 clients.

Mauá Sekular Participações will begin operations with the history of credibility and ethical standards of its founders.


Be

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: FS Investments launches energy fund[more]

    Bailey McCann, Opalesque New York: $19 billion Philadelphia-based FS Investments has launched a new interval fund which will invest in energy. The FS Energy Total Return Fund is the firm's first closed-end interval fund and will invest opportunistically in energy companies and assets. FS

  2. Hedge fund liquidations in 2016 surpass 2009 levels, new launches decline[more]

    Benedicte Gravrand, Opalesque Geneva: Even as the hedge fund industry's total assets exceeded the $3tln milestone last year, hedge fund liquidations increased. So much so that 2016 had the highest number of liquidations since 2008, claims the latest HFR Market Microstructure Report, re

  3. Hedge funds find no joy in macro as returns lag Trump rally[more]

    From Gulfnews.com: In 2017, macro hedge funds were expected to shine. So far? Not so much. It's been a far from impressive first two months for funds that trade around macroeconomic events. Discretionary funds rose just 0.3 per cent through February, according to Hedge Fund Research Inc., while the

  4. Strategies - Billionaire investor Marc Lasry shares how he's playing markets right now, Classic models are failing FX hedge funds desperate for return[more]

    Billionaire investor Marc Lasry shares how he's playing markets right now From CNBC.com: Buy on the prospect of deregulation. Sell on the enactment of deregulation. That's the strategy that billionaire investor Marc Lasry is implementing, according to an interview with CNBC in Las Vegas

  5. Opalesque Exclusive: Aberdeen makes the case for the lower mid-market[more]

    Bailey McCann, Opalesque New York: Aberdeen Asset Management has released a new paper focused on lower mid-market private equity. According to the paper, this segment of the private equity market is gaining popularity with private equity investors that are looking for multiple expansion and less