Institutional Investor's inaugural ranking identifies Brazil's top 20 fund managers by assets. New York–based Associate Editor Timothy Roberts and São Paulo–based Researcher Milena Mazzola Moreti compiled the ranking from questionnaires filled out by the institutions themselves. II refined this data through follow-up faxes, e-mails and telephone calls. All figures are in millions of dollars and are as of September 30, 2007. Figures were converted from reais to dollars using the September 30, 2007, exchange rate.