Friday, 27 March 2015
Last updated 1 hour ago
Feb 25 2008 | 11:13am ET
Arsenal Investimentos, a Brazilian investment boutique, has begun marketing a fund of hedge funds focused on its home country with a US$300 million target capacity. First Avenue Partners is the fund’s third-party marketer.
The Arsenal Fund includes discretionary macro, equity hedge, discretionary trading, special situations, fixed-income, equity arbitrage and long/short equity managers. There are currently 350 single managers in Brazil, with the number increasing steadily, according to Arsenal. As of the middle of last year, the Brazilian hedge fund industry managed US$155 billion in total assets.
“Brazil is amongst those emerging markets showing strong economic growth, controlled inflation, increased access to credit and projected continuing economic expansion,” Roger Wright, founder and CEO of Arsenal Investimentos, said. “In addition, it is acknowledged that the hedge fund industry is small compared to the size of the total market and therefore Brazil should be one of the most attention-grabbing areas for investors interested in emerging markets.”
The Arsenal Fund charges a minimum investment requirement of US$500,000, a 1.5% management fee are per annum and a 10% performance fee.
Arsenal Investimentos and its affiliates currently advise on US$1.7 billion in total assets.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…