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V A L E F L O R E S T A R P R O J E C T. Global Equity – A Brief History:. 1987 – 2002 Operations started in Brazil by Latinvest Asset Management. US$2.5 billion invested in companies with high growth potential. Winner of 14 international awards for excellence in fund management.
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Global Equity – A Brief History: • 1987 – 2002 • Operations started in Brazil by Latinvest Asset Management. • US$2.5 billion invested in companies with high growth potential. • Winner of 14 international awards for excellence in fund management. • 2002 • Divestment from companies (private equity). • 2002 - 2004 • Development of own methodology to operate in local bond market. • 2005 - 2009 • Resumption of private equity operations. • R$3.3 billion in managed funds, forecast to reach R$5.0 billion in 2010.
Global Equity – A Brief History: • Performance of Latinvest/Globalvest vs. Benchmarks Net Return (US$): Annualized Accumulated GLOBALVEST 19.58% 1,572% S&P/IFCI LA 14.43% 708% FGV-100 18.84% 1,415% IBOVESPA 15.53% 871% FGV-100 S&P/IFCI LA IBOVESPA
FORTALEZA Global Equity – A Brief History: • Long-Term Track Record: Some Examples
Why do we believe in the Vale Florestar Project? • In addition to all of the environmental and social issues involved in this project, we took into consideration the: • international forestry market • Brazilian forestry market • forestry market in southeastern Pará state
Vale Florestar Project: • Vale Florestar will operate across a total area of 450,000 hectares: • 300,000 ha to protect and restore native forest • 150,000 ha to develop commercial eucalyptus plantations • The project will require investments of R$605 million
Participation in the Vale Florestar Project Investment Fund R$605 million Vale Florestar S.A.