One of Brazil’s largest investment managers, JGP Gestão de Recursos, has been assigned a MQ1 rating by Moody’s on the back of it’s risk-adjusted investment performance and its overall investment management capabilities.
The rating agency assigns MQ1 ratings to asset managers that exhibit excellent management and control environment.
JGP Gestão de Recursos, which has around BRL2.7bn (€1.2bn), began operating in August of 1998 and was focused on offering multi-strategy funds focused on capital preservation and absolute return.
Investor interest in Brazil helped the fund manager branch out. In 2008, the firm launched its first long-biased fund, to meet growing market demands and expanded interest of investors towards the domestic stock market.
Since then, JGP has established funds with diverse strategies, such as a long-only fund and a quantitative fund as well as a small- and mid-cap fund.
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