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Rio-Based Stock Pickers Launch New Brazil Equity Fund

  • Atmos owns a minority stake of asset manager TB Capital
  • Fund managers focusing on utilities, infrastructure and tech
An empty Ipanema beach in Rio de Janeiro, Brazil, on Sunday, March 21, 2021

An empty Ipanema beach in Rio de Janeiro, Brazil, on Sunday, March 21, 2021

Photographer: Dado Galdieri/Bloomberg

A group of veteran equity analysts is launching a new firm in Brazil as they hunt for investment opportunities in Latin America’s largest economy and abroad.

David Kaddoum and Gabriel Saavedra have left Atmos Capital to start TB Capital, which will focus on equity funds, according to regulatory filings. Atmos owns a minority stake in the company, filings show.