Thursday, 25 December 2014
Last updated 1 day ago
Feb 26 2013 | 2:29pm ET
Gávea Investimentos is shutting its month-old asset-backed receivables hedge fund after losing its manager to its parent company.
Jose de Menezes Berenguer Neto has been named head of JPMorgan Chase's Brazilian unit. He had joined Gavea—founded by Brazil's former central bank chief, Arminio Fraga, and bought by JPMorgan in 2010—in March to launch the high-yield credit fund.
Gavea had raised 1 billion reais (US$507 million) for the fund, which will be returned to investors, Bloomberg News reports. The hedge fund will not launch a new asset-backed fund until it finds a replacement for Berenguer.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.