Highbridge Capital Management buys majority stake in Brazilian manager Gávea Investimentos

November 1st, 2010
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Highbridge Capital Management recently announced its plans to purchase a majority stake in Brazilian alternative asset management company Gávea Investimentos. The Rio de Janeiro-based hedge fund manager, which oversees $6 billion assets under management, was founded in 2003 by Arminio Fraga, currently Chairman and Chief Investment Officer. Before founding the firm, Mr. Fraga was President of the Central Bank of Brazil. Since its inception Gávea has developed multiple investment products, including hedge funds and private equity, and uses a macroeconomic strategy to invest in emerging and international markets. “While our emerging market investmet strategies can enhance Highbridge’s global platform, we will benefit from their successful track record of building businesses like ours,” commented Mr. Fraga. After the purchase is finalized, Mr. Fraga will join Highbridge’s Board of Managers, Executive Commitee, and Investment Committee.

Gávea and Highbridge have assured investors that Gávea’s executive team and investment process will remain unchanged, and Gávea and Highbridge’s relationship is expected to be similar to the one established between Highbridge and J.P. Morgan Asset Management, which first purchased a stake Highbridge in 2004. “Gávea will provide Highbridge with greater macroeconomic insight and direct exposure to investing in Brazil, which will be powerful addition to our investment capabilities,” stated Highbridge CEO Glenn Dubin. Highbridge plans to use the partnership with Gávea to accelerate the hedge fund’s expansion in Brazil and South America.

Highbridge Capital Management LLC is a multi-strategy alternative investment management firm founded in 1992 by current CEO Glenn Dubin and former MD Henry Swieca in 1992. In 2009, Highbridge Capital became a wholly-owned subsidiary of J.P. Morgan Asset Management. Mr. Swieca recently launched his own independent firm, Talpion LLC, to manage his own assets as well as hedge funds for external investors. Highbridge Capital primarily manages hedge funds and private equity funds for pension funds, high net worth individuals, and institutions.
For Detailed Investor Profiles on these Investors, click below:
Highbridge Capital Management
Talpion Fund Management LP
Related People: Glenn Dubin; Henry Swieca; Henry Swieca*; Mary Callahan Erdoes (JPM); Nate Storch; Scott Kapnick; Todd Builione; Will Graves
Related Entities: Highbridge Capital LP; Highbridge Capital Management*; Highbridge Convertible Arbitrage Opportunities Fund; Highbridge Event Driven Relative Value Fund LP; Highbridge Long Short Equity Fund LP; Highbridge Statistical Market Neutral mutual fund; JPMorgan Chase & Co; Talpion Capital; Talpion Fund Management LP; Talpion IP LLC; Talpion LLC
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Investment Management and Hedge Fund Firm Mergers, Acquisitions, Spin-offs and Transactions


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