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

Q&A: Brevan Howard’s Charlotte Valeur Talks Strategy

Sep 18 2014 | 11:18am ET

Charlotte Valeur chairs the board of Brevan Howard Credit Catalysts, an LSE listed...

Lifestyle

Hedgies Rock Out For Children's Charity

Sep 15 2014 | 8:40am ET

It's that time of year again—when hedgies trade in their spreadsheets for guitars...

Guest Contributor

Volkered: How Financial Sector Reforms are Creating Opportunities for Hedge Funds

Sep 16 2014 | 11:28am ET

New regulations have dramatically curtailed proprietary trading activity in investment...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    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…

 

Futures Magazine

September 2014 Cover

The London Whale: Rogue risk management

Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.

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.