(Bloomberg) Grupo BTG Pactual is among investors that have pulled money out of the Brazilian bank’s own hedge fund unit, according to two people familiar with the matter.The firm had hundreds of millions of dollars invested in the BTG Pactual GEMM Fund, said the people, who asked not to be named because the information is private. The hedge fund has shrunk to less than $500 million from more than $4 billion since November following the arrest and release of BTG’s billionaire founder, a person familiar with the matter said last week.
BTG Said Among Investors to Pull Money From Own Hedge Fund
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