The Brazil 20

Overview Methodology

BB Gestão de Recursos Tops the Brazil 20 for a Ninth Year

BB Gestão de Recursos finishes in first place on the Brazil 20, Institutional Investor’s annual ranking of the country’s largest investment managers, for a ninth straight year. The Rio de Janeiro–based firm manages $177.5 billion, down from $182.8 billion one year ago.

In second place since 2010 is São Paulo’s Itaú Unibanco Asset Management. Its total assets under management jumps from $128.1 billion to $138.4 billion. That growth has been fueled by demand for high-yielding fixed-

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.

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