{"id":18534,"date":"2010-10-27T08:33:33","date_gmt":"2010-10-27T12:33:33","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=18534"},"modified":"2010-10-27T08:41:34","modified_gmt":"2010-10-27T12:41:34","slug":"hedge-fund-mergers-acqisitions-highbridgegavea","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2010\/hedge-fund-mergers-acqisitions-highbridgegavea.html","title":{"rendered":"Hedge Fund Mergers &#038; Acquisitions: Highbridge\/Gavea"},"content":{"rendered":"<p><a href=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2010\/10\/Sugarloaf_Mt_-_Rio_de_Janeiro_Brazil.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-18539\" title=\"Sugarloaf_Mt_-_Rio_de_Janeiro_Brazil\" src=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2010\/10\/Sugarloaf_Mt_-_Rio_de_Janeiro_Brazil.jpg\" alt=\"\" width=\"286\" height=\"222\" \/><\/a>New York (HedgeCo.net) &#8211; Hedge fund owned by J.P. Morgan Asset Management, Highbridge Capital Management, has purchased a majority interest in G\u00e1vea Investimentos, a $6 billion Brazil hedge fund manager. G\u00e1vea was co-founded in 2003 by Chairman and Chief Investment Officer Arminio Fraga, former President of the Central Bank of Brazil.<\/p>\n<p>&#8220;This has been a long courtship of one of the finest global macroeconomic hedge fund managers in the world,&#8221; said Mary Callahan Erdoes, CEO of J.P. Morgan Asset Management.<\/p>\n<p>\u201cG\u00e1vea is a fantastic organization that reflects not only Arminio Fraga\u2019s well-deserved reputation as an exceptional economist and investor, but also his belief in the importance of creating a long-term business franchise,\u201d said Glenn Dubin, Chief Executive Officer of Highbridge. \u201cG\u00e1vea will provide Highbridge with greater macroeconomic insight and direct exposure to investing in Brazil, which will be a powerful addition to our investment capabilities.\u201d<\/p>\n<p>Highbridge and G\u00e1vea will have a relationship similar to that created by J.P. Morgan Asset Management&#8217;s original purchase of Highbridge in 2004. G\u00e1vea\u2019s investment process will remain unchanged, and its day-to-day activities will continue to be managed by its executive team. This includes Arminio Fraga; Luiz Fraga, co-Founder and co-CIO of private equity, Gabriel Srour, co-CIO of hedge funds, Chris Meyn, Head Portfolio Manager of private equity, and CEO Amaury Bier, a former deputy finance minister of Brazil.<\/p>\n<p>Marcelo Stallone will maintain his key role in the wealth management business. Arminio and Luiz Fraga will both join Highbridge\u2019s Board of Managers and Executive Committee, and Arminio Fraga will join the Highbridge Investment Committee.<\/p>\n<p>Editing by Alex Akesson<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (HedgeCo.net) &#8211; Hedge fund owned by J.P. Morgan Asset Management, Highbridge Capital Management, has purchased a majority interest in G\u00e1vea Investimentos, a $6 billion Brazil hedge fund manager. G\u00e1vea was co-founded in 2003 by Chairman and Chief Investment [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,14],"tags":[],"class_list":["post-18534","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news","category-success-stories"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/18534","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=18534"}],"version-history":[{"count":7,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/18534\/revisions"}],"predecessor-version":[{"id":18538,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/18534\/revisions\/18538"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=18534"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=18534"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=18534"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}