NASDAQ
Brazilian Asset Manager Vinci Compass Falls 3.5% on NASDAQ Despite Real Estate Acquisition
Brazilian Asset Manager Vinci Compass Falls 3.5% on NASDAQ Despite Real Estate Acquisition

Shares of Vinci Compass Investments Ltd. (VINP), one of the few Brazilian companies whose stock is listed directly on a US exchange, fell 3.45% on Friday, closing the day at $9.51. The sharp drop signals continued investor concern over the Rio de Janeiro-based alternative asset manager’s core profitability despite its aggressive strategy of expanding its assets under management and a significant acquisition this week.
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