Igor Cornelsen was born on 4th October 1947 in Brazil, particularly, Curitiba. He proceeded to Parana Federal University to pursue Engineering, deciding to study Economics two years later within the same university. In 1970, he graduated and worked at an investment bank. Afterward, Igor went to Rio, got promoted to a directors’ board in 1974 at Multibanco and, became the CEO in 1976. Shortly after, in 1978, left after the American bank took over, and moved to Unibanco, a Brazilian firm that ranked among the top for investment. Upon inflation of rates in 1985, he left.
He then proceeded to a Merchant bank in London, by the name Libra earning his first dollars, leading to his move to Standard Chartered, as a representative and member of the directors’ board for a period of 7years. In 1995, he launched his firm, becoming a manager and operating his funds for investment on a daily basis till date.
Management of the stock market during his years in employment since 1971, lead to the growth of his business as a result of the experience garnered. Typical working days are characterized by early mornings when the European markets open, news updates internationally, and adjusting of the fund portfolio by studying the economy and various companies within the day. On other days, meetings with colleagues and friends, to seek their opinions.
In 2010, Igor Cornelsen sold all his Brazilian assets, as his understanding was that the new model implemented by the government would collapse the economy. He invested in Russia despite the fact that it had been unable to pay off its debts, and the unlikelihood of it was paying the bond. Russia eventually worked out an agreement with the creditors, making him receive high returns.
Igor Cornelsen invests in economies that show the potential of growth in future while selling assets which pose a risk of deteriorating as a result of issues such as political unrest. His thrill lies in not relying on the markets’ ideologies but spotting untapped opportunities that will change it before other competitors.
The ability to get direct information from Reuters makes his research free from bias, giving him an upper hand entrepreneurially, in comparison to other competitors. He advises younger managers within this field to continually keep up with information and not people’s opinions. Also, he emphasizes the need to look at the world as a global entity, rather than subdivided units.
Find out more about Igor Cornelsen: https://affiliatedork.com/economic-confidence-is-improving-in-brazil-according-to-igor-cornelsen