Southeastern Possession Administration Talk about BR Residences

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We sold BR Characteristic (BSP: BRP3), BrazilAAAs biggest business
workplace real estate property manager, complying with the stockAAAs surge after General Practitioner
Investments raised its proposal for the firm. In spite of high
high quality residential properties as well as a solid companion in Claudio Bruni, the highly
tested Brazilian atmosphere as well as simultaneous money
devaluation resulted in a dollar loss over our full holding
period.

From Southeastern Possession Management’s International FundAA
second quarter 2016 commentary

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