The healthcare sector went on a tear beginning in 2011, thanks in large part to the passage of the Affordable Care Act and its impending implementat
Thursday, 19 January 2017
Last updated 40 min ago
Feb 25 2010 | 1:14pm ET
Highbridge Capital Management is eyeing a stake in Brazilian alternative investments firm Gavea.
The JPMorgan Chase-owned hedge fund giant is in talks with Rio de Janeiro-based Gavea, founded by former Brazilian central bank head Arminio Fraga, a Brazilian newspaper reports. It is unclear how large a stake Highbridge would take, according to Valor Economico, but the US$5.8 billion firm’s management would remain in place and maintain their “autonomy.”
Fraga is a member of JPMorgan’s international board.
Highbridge manages $21 billion in assets under management.