Hedge funds in Brazil are attempting increasingly complex strategies to generate yield. But a lack of local options is driving them to overseas alternatives.
Category: 2007
Curb Your Enthusiasm
Bankers expect a drop in equity volume in 2008, though flow should be bolstered by follow-ons and a pickup in deals outside Brazil.
Debut Mexico REIT on the Way
An inaugural Mexican REIT failed to launch earlier this year for tax reasons. However, bankers hope for a boom once the first is out of the gates in 2008.
Durango Comes Roaring Back
Durango is making a comeback with liability management plans for 2008. It sees strong growth at home and limited fallout from the US.
End of the Boom?
LatAm is hobbled by developed markets as it rolls into 2008. The upside may be restricted but the downside is also contained.
Jamaica Gets Down to Business
After years of malaise, Jamaicans are hopeful that a new government will bring a change in economic policy. The private sector welcomes early encouraging signs.
Multinationals Jump Back In
A second wave of industrialization is underway in Latin America, as multinationals exploit booming markets and a perceived reduction in political and economic risk.
One Stop Shopping
UBS Pactual aims to be the one-stop shop for LatAm, and its efforts appear to paying off. The Swiss bank is a favorite in the LatinFinance investor survey.
Pushing Local Capital Markets
The IFC broke new ground for the Brazilian corporate debt market in October with a debut issue in reais. Nina Shapiro, the multilateral’s treasurer, highlights the benefits.
Reconstructing Odebrecht
Brazil’s foremost global engineering firm is restructuring itself and spinning off new ventures in energy, agriculture and real estate. Financing expertise will feed its success.
