Thursday, 28 August 2014
Last updated 9 hours ago
Mar 13 2009 | 1:05am ET
The Brazilian firm that bought Lehman Brothers’ operations in that country has added a British hedge fund manager to its stable.
BTG Investments announced the acquisition of Lentikia Capital, which runs a US$700 million macro fund. The Brocade Fund returned 19% in 2007 and 7.4% last year, when the average hedge fund fell by double digits.
Terms of the deal were not disclosed. The acquisition, BTG’s second, requires the approval of the U.K. Financial Services Authority.
Lentikia CEO Patrice de Camaret will remain with the firm following the acquisition, São Paolo-based BTG said. The deal will give the Brocade Fund “access to the rang of BTG’s resources, including the company’s broad expertise in the markets for fixed-income, credit and debt,” it said in a statement.
BTG was founded last year by former UBS fixed-income, currencies and commodities chief Andre Esteves and Persio Arida, the former president of the Brazilian Central Bank. In October, the firm made its debut, buying the operations and assets of bankrupt investment bank Lehman Brothers in Brazil.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...