How This Ranking Was Compiled

Institutional Investor’s annual ranking identifies Brazil’s top 20 fund managers, by assets. São Paulo–based Researcher Milena Mazzola Moreti compiled the ranking under the guidance of Senior Research Editor Jane B. Kenney, using data from questionnaires the institutions filled out themselves. II staff refined these data through follow-up e-mails and telephone calls. All figures are in millions of dollars, as of March 31 of the given year. Where necessary, values were converted from reais using the exchange rate on the respective date.