SulAmerica Strengthens Equity Team Through Long-Term Strategies and Activism

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Feb 11, 2011, 09:00 ET

SAO PAULO, Feb. 11, 2011 /PRNewswire/ -- SulAmerica Investimentos, the business unit of SulAmerica group specializing in asset management, has created a new division dedicated to long-term equity fund strategies, enhancing its portfolio with new investment opportunities to its clients. SulAmerica Investimentos equity team will now count on two senior portfolio managers and a nine analysts team.

This new division will be in charge to build long term portfolios targeting substantial alpha returns, combining investments in high-growth companies with the team's activist profile in Corporate Governance issues.

"Brazil's new economic environment with stability and drop in interest rates have turned investors' focus towards products which seek differentiated returns and the creation of this new division is SulAmerica response to this growing demand, mainly oriented to institutional investors and pension funds," said Marcelo Mello, Vice President of SulAmerica Investimentos. "Within this structure, we'll see funds focused on long-term returns and that will have be activist in those companies in the portfolio."

Fernando Tendolini has just been hired by SulAmerica and will be the Head of this new dedicated team. He joins the team after 10 years as Head of Equity division and portfolio manager where he primarily headed up those funds known for their commitment to promoting Corporate Governance practices in invested companies.

"Building this new long term assets funds division will raise SulAmerica as one of the top independent equity and structured long term products manager in Brazil", finalized Mello.

SOURCE SulAmerica Investimentos