Article Dans Une Revue Finance and Space Année : 2024

Assetising Brazilian logistics: power, spaces and scales under asset management capitalism

Résumé

Over the past decade, asset managers have positioned themselves as strategic gatekeepers in the management and deployment of capital across the world. The scholarship on asset manager capitalism is increasingly examining how this industry acquires, retains and uses its power, as well as the broader repercussions of their agencies. This article contributes to the research agenda on the interplay between finance and space by scrutinising the roles and power of asset managers and how they connect capital markets and the geographies of an emerging asset class in Brazil, namely logistics. Using the COVID-19 crisis as a magnifying glass, we show how asset managers asserted their control over three dimensions that have enabled logistics buildings to be assetised: the spatial representations that shape investment decisions; the material transformations that give form to new logistics facilities; and the generation and diffusion of information that allow investment options to become comparable. By building bridges across spaces along these dimensions, asset managers have expanded their power as nodal actors within the financial infrastructures that intermediate money flows across sectors and places.
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Dates et versions

halshs-04678839 , version 1 (27-08-2024)

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Maira Magnani, Daniel Sanfelici, Félix Adisson, Ludovic Halbert. Assetising Brazilian logistics: power, spaces and scales under asset management capitalism. Finance and Space, 2024, 1 (1), pp.240-258. ⟨10.1080/2833115X.2024.2359564⟩. ⟨halshs-04678839⟩
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