Credit Suisse said on Wednesday it reached a deal to sell its real estate fund management business in Brazil to asset manager Patria Investments for up to 650 million reais (around $130 million)
Brazilian investment firm Pátria Investimentos has raised 20% of a new BRL5 billion ($1 billion) infrastructure fund with contributions from development banks, pension funds and multilateral lenders.
MACROECONOMIC ONE PAGER
The countdown to the beginning of the cycle of monetary easing in advanced economies, starting with the U.S., continues. Downbeat economic data or signs of lower consumer inflation improve market sentiment and investors place bets on more ambitious rate cuts happening earlier in the year, whereas reports in the opposite direction undermine asset prices.
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