Sun, Apr 20, 2014
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   |   
Banner
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: Classic Auto Funds Limited (CAF) launches several car investing funds[more]

    Bailey McCann, Opalesque New York: A new trend in alternative alternatives is emerging - car appreciation funds. Classic Auto Funds Limited (CAF) is the first to market with several funds that make super elite luxury cars into real asset investments. As a result of growing overseas demand couple

  2. CTAs could face new challenges in a rising rates environment[more]

    Bailey McCann, Opalesque New York: CTAs have taken a beating performance wise lately, and asset flows reports show that investors aren't sticking around to see how the movie ends. Now, a new white paper from Roy Niederhoffer and Coen Weddepohl notes that as interest rates start to tick back u

  3. Investing – Big hedge funds bought Puerto Rico's junk bonds, Fidelity explores new trading venue amid flash trade concerns, Crisis-era Greek bonds reward early buyers with big effective returns, Cargill unit discloses stake in Freddie preferred[more]

    Big hedge funds bought Puerto Rico's junk bonds From Reuters.com: Several large hedge funds doubled down on Puerto Rico in last month's giant bond sale despite the U.S. territory's financial struggles, the Wall Street Journal reported, citing confidential documents reviewed by the newspa

  4. Opalesque Exclusive: Hedge fund replicators evolve[more]

    Bailey McCann, Opalesque New York: Hedge fund replicators as a group of products tend to get a bad rap from hedge fund managers who suggest that the best a replicator can offer is dynamic beta capture. A

  5. Commodities – Popular value fund manager David Iben bets on Russia, gold,[more]

    From Reuters.com: With large bets on Russia and North American gold miners, one of the best performing stock pickers in the wake of the 2008 financial crisis is back with a new fund that reflects his deep aversion to following the crowd. In the Kopernik Global All-Cap Fund, David Iben is follo