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From Precy Dumlao, Opalesque Asia:
At the recent Opalesque Brazil Roundtable, George Wachsmann, founding partner at BAWM, a $1bn multi-family office in Brazil posed a challenge among those present on how to translate all talks of positive outlook towards Brazil into actual long-term and large investments (See: Opalesque Exclusive: Now that investors are talking about Brazil, will they walk the talk? here).
The answer was given by Thomas Souza, founding partner of AguasClaras Investimentos, a São Paulo-based equity investment management company with $85 million in AuM. He said that Brazil should develop as a capitalist market to attract foreign investors to stay. Souza said that despite having a well developed and strong regulatory framework for the financial and fund industry, Brazil "is really in the first innings of the development of its capital markets from a depth/reach perspective."
High interest rates a big turn off to investors
According to Souza, the high interest rates in Brazil have prevented investors from developing a culture of investing in equities. Additionally, foreign investors still view the region as a cyclical investment proposition. If Brazil wants to see large allocations of capital, it must realign its interest rates with global le...................... To view our full article Click here
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