Vinci Partners Investments, a Brazilian alternative investment manager that went public in the US last year, is considering acquisitions in Latin America amid a surge in deliverance at hedge funds.
"The industry in Brazil and Latin America is highly volatile because of global turmoil," da Vinci president Alessandro Horta said in an interview in Rio de Janeiro. According to him, the turnaround creates opportunities for acquisitions.
The turmoil in US equity markets and rising interest rates worldwide reduce investors' desire for riskier investments in Latin America and many conservative Treasuries and fixed-income funds.
After six years of positive funding, multimarket funds recorded net outflows of R$58.3 billion this year through April in Brazil, according to Anbima, the capital market association.