Brazilian Firm Buys British Hedge Fund Lentikia

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.


In Depth

Part II: Roubini Talks Risk, Recovery And The Threat Of A Triple Dip Recession

Oct 21 2014 | 12:41pm ET

In the second half of our interview with Nouriel Roubini, FINalternatives editor...

Lifestyle

Balyasny Pays Over $6M For Lakefront House

Oct 22 2014 | 10:29am ET

A venture headed by hedge fund manager Dmitry Balyasny just paid $6.2 million for...

Guest Contributor

Hedge Funds Weather A Data Management Perfect Storm

Oct 22 2014 | 12:28pm ET

From a regulatory standpoint, nearly every development since the crisis has placed...

 

Videos

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

October 2014 Cover

Demeter: Family affair

David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.