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The director of investment manager NCH Capital in Brazil, James Gulbrandsen, said on Saturday night (26th), in his account on the microblog Twitter, a donation for the benefit of the families victims in Brumadinho, Minas Gerais (VALE3) that she owns at NCH Maracanã Long BIM Fessed on Monday 28.
After being closed on Friday 25th due to São Paulo's birthday party, the Brazilian Stock Exchange will resume its activities on Monday, with good prospects for them. Vale's ON shares. On Friday, Vale's American Depositary Receipt (ADR), traded on the New York Stock Exchange, fell 8.08% to $ 13.68.
In an interview with the magazine's website Gulbrandsen explains that two weeks ago, the NCH Brasil team conducted a short sale consisting of selling a paper on the market whose price should not fall before buying back cheaper. and make a difference.
According to the official, the donation will be paid because his bet on the decline of the company's shares was based on a slowdown in China and not on an environmental and human tragedy.
"Unfortunately, our position has made very short-term profits for a very sad reason, namely the Brumadinho Dam, and we can not keep the benefit of this operation," Gulbrandsen said. Exame
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