Bloomberg News

Brazil’s Banco Fator to Open U.S.-Based Global Fund, Valor Says

July 09, 2012

Brazil’s Banco Fator SA’s brokerage unit plans to open a global investment fund aimed at helping Brazilian pension funds invest outside the country, newspaper Valor Economico reported, citing executive Roseli Machado.

Machado, who co-founded the brokerage, will become the head of international business for the brokerage, according to the Sao Paulo-based paper. The global fund will be based in New York, Machado told Valor.

To contact the reporter on this story: Rodrigo Orihuela in Rio de Janeiro at rorihuela@bloomberg.net

To contact the editor responsible for this story: James Attwood at jattwood3@bloomberg.net


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