Highbridge May Take Stake In Brazil’s Gavea

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.

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