Tuesday, 31 May 2016
Last updated 3 days 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.