PR Newswire Brasil has not quite taken off yet — it has not yet signed up a critical mass of businesses to make the thing worth following with great attention — but the attempt to port the service down South America Way is interesting, and probably ought to catch on eventually.
I have actually met some folks trying to get it off the ground here, in combination with promoting a “culture of disclosure” for Brazilian businesses, and I can sincerely say: It seems like a good idea.
Here, at any rate, is an event that I will very likely try to attend, if they let me in. (There is a big venture capital event in Rio earlier in the month I also want to attend.)
A indústria brasileira de fundos de derivativos alcança o ponto de virada
Brazilian derivatives fund industry reaches a turning point.
I was just starting to get that impression myself, even if “turning point” — revolution, apocalypse — is the most frequently abused metaphor in postmodern PR.
This, even as an interesting commentary appeared the other day according to which the unevolved state of complex financial contracts here deserve credit for shielding Brazil from the effects of the subprime crisis.
BN003644 01 de abril de 2008 10:29 HORALOCAL
US$127 bls e crescendo
US$127 billion and growing
NOVA YORK, 1 de abril de 2008 /PRNewswire/ — O Mercado brasileiro de fundos de derivativos manteve um crescimento exponencial na última década. Desde dezembro de 2000, a indústria cresceu um 1.020% extraordinária, alcançando US$127 bilhões de ativos sob gestão. Enquanto os fundos de derivativos sobressaem sobre outros tipos de fundos de derivativos internacionais, o mundo presta atenção.
The Brazilian derivatives fund market has grown exponentially during the current decade. Since December 2000, the industry has grown at the extraordinary rate of 1,020%, attaining US$127 billion in assets under management. And as [Brazilian] derivatives funds pass by other types of international derivatives funds, the world is starting to sit up and pay attention.
Mais de 300 profissionais de fundos de derivativos irão chegar a São Paulo de 28 a 30 de abril no Alternative Investment Summit Brasil — o primeiro congresso de fundos de derivativos do país. Palestrantes notáveis incluindo o presidente do Banco Central, Henrique Meirelles, o presidente e diretor-executivo da Marathon Asset Management, Bruce Richards, e o sócio-fundador da Mauá Investimentos, Luiz Fernando Figueiredo.
More than 300 professionals from derivatives funds will be in São Paulo from April 28 to April 30 for the Alternative Investment Summit Brazil — the first derivative funds congress in the nation. Notable speakers including Central Bank president Meirelles, president and CEO of Marathon Asset Management Bruce Richards, and founding partner of Mauá Investiments, Luiz Fernando Figueiredo.
Esse evento está programado para ajudar os investidores brasileiros e internacionais a pilotar nesse próspero mercado. O congresso irá unir gestores de fundos de derivativos, investidores, reguladores e economistas para discutir os seguintes assuntos:
The event is designed to help Brazilian and international investors navigate this prosperous market. It will bring together fund managers, investors, regulators and economists to discuss the following topics: