Agência Estado recently announced that the research division of Banco Brascan, Brascan Brascan Corretora de Títulos e Valores, has achieved the first position in their raking for best average of profitability in the Brazilian research market in 2007. Brascan´s research analysts achieved average profitability of 29.76% to the company´s clients.
Apart from the overall ranking, Brascan´s research analyst Rodrigo Ferraz was ranked 4th best national analyst, with average profitability of 39,2188%; and Felipe Cunha was selected 7th best national analyst, with profitability of 25,5681%. Felipe Cunha was also selected as the best analyst for the energy sector, with average profitability of 35,24% and as the third best research analyst for the oil sector, with average profitability of 82,32%.
About Brascan Corretora de Títulos e Valores: Brascan Corretora de Títulos e Valores is the brokerage house of Banco Brascan, a wholly-subsidiary of Brookfield Asset Management. Founded in December 1994, Brascan Corretora operates directly in the São Paulo Stock Exchange (BOVESPA) and Futures and Commodities Trading (BM&F) trading floors and in electronic negotiation systems. It provides exclusive services for national and international investors and intermediates operations in the cash, forward, futures and options markets.
About Agência Estado: Agência Estado is one of the major news agencies in Brazil, and it provides and distributes information for companies, governmental institutions and other professionals interested in business information. It belongs to Grupo Estado, a major media conglomerate which runs newspapers, radio stations, and online software that provides information on companies and their stock market quotations.