Brazil’s Biggest Money Managers
Brazil Rankings
Total Assets
Banco do Brasil Administradora de Ativos in Rio de Janeiro, with $112.7 million in assets under management, captures the top spot in the Brazil 20, Institutional Investor's inaugural ranking of the country's biggest money management firms. In second is São Paulo–based Banco Itaú, with $90.2 million. The state-owned Caixa Econômica Federal in São Paulo comes in third, with assets under management totaling $81.3 million.
 |
| 1 |
Banco do Brasil Administradora de Ativos (Rio de Janeiro) |
112,727
|
| 2 |
Banco Itaú (São Paulo) |
90,161
|
| 3 |
Caixa Econômica Federal (São Paulo) |
81,312
|
| 4 |
Bradesco Asset Mgmt (São Paulo) |
77,027
|
| 5 |
UBS Pactual Asset Mgmt (Rio de Janeiro) |
36,970
|
| 6 |
HSBC Investments Gestão de Recursos (Curtiba) |
33,146
|
| 7 |
Santander Asset Mgmt (São Paulo) |
28,669
|
| 8 |
ABN Amro Asset Mgmt (São Paulo) |
23,150
|
| 9 |
Unibanco Asset Mgmt (São Paulo) |
22,951
|
| 10 |
Western Asset Mgmt Co. (São Paulo) |
13,851
|
|
All assets are as of September 30, 2007, converted from reais using the exchange rate on that date.
