Asset Managers Jump Back Into Brazil’s Battered Stock Market

Asset managers in Brazil are ramping up to take full advantage of a comeback in local equities after long stretches of weak performance pushed investors to flee.

Some of the country’s biggest asset managers, such as BTG Pactual Asset Management and Vinland Capital, have bolstered their equity teams in recent months as local stocks climbed to a record. At least two new equity-focused funds have opened since November — run by industry veterans who are relying on their experience to pull in investors weary of a market that has long struggled amid uninspiring economic growth and high borrowing costs.