Brazilian Firm Launches Regional Fund Of Hedge Funds

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.

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