Mercatto Launching Offshore Funds

Brazil-based asset management firm Mercatto Investimentos is launching 2 offshore funds this year. One is focused on investing in equity listed on the BM&F Bovespa, and the other, macro fund, will invest in equity, foreign currency and derivatives, managing partner Thomas Tosta de Sa tells LatinFinance. He declines to state how much the shop expects to manage under the 2 funds. He adds that the funds will only be open to investors outside Brazil. Mercatto already has an equity fund and a macro fund in which Brazilian investors can invest, which were established in 1998. The equity fund has BRL154.6m in net assets and the macro BRL77.9m, according to company information. Mercatto has more than $1.5bn in total assets under management.