LONDON, Nov. 4, 2016 /PRNewswire/ -- Recently AI Magazine interviewed Dennis Klemming, global President and Giovanni Cataldi International CEO of the Prudent Group on the "Most Innovative Hedge Fund Manager for 2016: U.S. / Europe" and "Best in Funds 2016" award, how they work, and what solutions they are offering to the market.
The Prudent Group operates in Brazil with operating units in Sao Paulo and Porto Alegre, and has investor relations in Luxembourg, Vienna, Miami and New York.
"Brazil is a key market for the Prudent Group to join the South American region, and the success of this strategic focus was directly reflected in our recognition as the most innovative Hedge Fund in the U.S. and Europe in 2016," said Dennis Klemming.
The Prudent Group focuses on offering the best financing and working capital solutions for small and medium sized businesses where the transaction flow is easy to understand and very predictable. Our clients are often suppliers to larger (industrial) buyers. Prudent Group seeks to create long-term relationships with this business chain, helping to establish predictability of financial operations among companies, facilitating access to capital.
The traditional channels for investment and working capital for companies in Brazil are not meeting the real needs of the market. In general, they are very large financial institutions, with very slow and bureaucratic processes, leaving companies with high potential without bank financing for their financial needs for turnover capital and their growth capacity.
Prudent Group has recently been approved to distribute our fund products locally in Germany and Sweden to well-informed investors.
"As CEO, I split my time between our office in Porto Alegre and our main office in Sao Paulo. I'm also a director of the fund vehicles domiciled in Luxembourg. The challenge that I face every day, is to run the business in a way that meets global standards, while at the same time is consistent with how Brazilian employees are used to working effectively. Our local staff in Brazil is almost exclusively Brazilian, except for our chief investment officer. Furthermore, there are capital controls and a myriad of administrative rules which complicate some aspects of our business".
"I would like to say that I sincerely appreciate both recognition awards," said Giovanni Cataldi to express his thanks".
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SOURCE AltaGroup Agency / PrudentGroup