Brevan Howard To Open Brazil Research Office

Sep 21 2010 | 9:05am ET

Europe’s largest hedge fund is opening an office in the country that puts the “B” in BRIC.

Brevan Howard Asset Management is planning an office in São Paulo, Brazil. The London-based firm, which manages more than US$30 billion, has hired a former deputy governor of Brazil’s central bank, Mario Mesquita, to head the new office, which will focus on research.

The São Paulo outpost will help broaden Brevan’s “global footprint,” the firm said. Brevan Howard opened a Geneva, Switzerland, office earlier this year. The move also comes after the firm launched a UCITS III-compliant emerging markets foreign exchange and rates hedge fund with about US$110 million.

Mesquita has already started at Brevan. He resigned as head of macroeconomic policy at the Brazilian central bank earlier this year after four years in the post.

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