Tag Archives: resource group

XP Assets Raises Timberland Brazil Funds Up To $ 360 Million | Instant News

Photographer: Vivian Koblinsky / XP Asset Management

XP Inc.Brazil’s largest brokerage, is preparing to raise as much as 2 billion reais ($ 360 million) for its first forest fund as low interest rates increase demand for alternative investments.

Cleidson Rangel, a natural resources specialist, is joining the XP fund management unit to run a new operation focused on the sector, according to Bruno Castro, chief executive of XP Asset Management. The company also plans to create farmland and carbon credit funds, said Castro.

related to XP Assets to Raise Timberland Brazil Funds Up to $ 360 Million

Photographer: Vivian Koblinsky / XP Asset Management

“There are so many investment opportunities in a country as big as Brazil,” Castro said in an interview. “And those refunds have no correlation with other markets, so they are a real diversification alternative for local and foreign investors.”

Brazil’s fund industry posted a net inflow of nearly 39 billion reais in January and February, after raising 174 billion reais in 2020, according to Anbima, the country’s capital markets association. Interest rates near record lows have persuaded many investors to seek non-traditional assets to increase profits. Money has been pouring in even as the country reeling through the Covid-19 pandemic with infection rate it’s one of the highest in the world.

The forest fund plans to start raising money in May or June, according to Castro. Potential investors will initially include pension funds, endowments, sovereign wealth funds, insurance companies, family offices and private banking companies, he said, adding that XP would also provide seed money.

Other Investors

The company is also considering ways to allow retail investors to participate, according to Isaac Sutton, a partner at BH26, a boutique that focuses on natural resources in Brazil who is an exclusive XP advisor.


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The travel agency has a new name, operator | Briefs | Instant News

Travel Resources Group is the new name of International Travel Group, formerly owned by Suzanne Taskowitz, now retired. The agency is now run by Director Ilja Chapman. Netherlands-born and raised Chapman has spent over 25 years traveling the world – not just as a tourist, but living and working in many country. She has resided in the Florida Keys since 2013 and has been an independent travel consultant since 2014. “We have proudly taken over the reins from Suzanne, who founded the agency in 2006 and has served the travel community so well for so many years. Chapman said From a new virtual office set up, the agency intends to offer the same personalized service and travel expertise that Taskowitz has provided, Chapman said. “Even the bus service for events in Key West is slated for a return in 2021,” she said. “Our travel counselors have the expertise to sort out all the details to ensure a successful, safe and memorable trip for their clients, crafting a personalized itinerary unique to each traveler,” she added. .

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