![]() IPOs in telecommunications firms, toll operators and commercial property developers were the best options for investors, returning 32 percent, 54 percent and 1.8 percent, respectively. ![]() ![]() ![]() Overall, Brazilian offerings have yielded a negative 15.2 percent to investors since 2005, with the worst numbers coming from oil IPOs - which posted a negative 51 percent, Stuhlberger said. Only 37 of the 117 IPOs since the start of 2005 have yielded returns above the benchmark CDI interbank lending rate, with remainder losing as much as half of the amount initially invested, according to a presentation by Luiz Stuhlberger, who as chief investment officer oversees 43 billion reais ($18 billion) in assets for Credit Suisse Hedging Griffo. CAMPOS DO JORDÃO, Brazil, Aug 30 (Reuters) - Many initial public offerings in Brazil have led to investor losses over the past eight years, a senior Credit Suisse Group fund manager said on Friday, with the worst results coming from oil and gas - a sector that for years was seen as the nation’s most promising.
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