JPMorgan’s Highbridge Capital Takes Stake in Brazil Hedge Fund

by | Oct 27, 2010 | Towing

Highbridge Capital Management, which is owned by J.P. Morgan Asset Management (JPM), said it will buy a majority interest in Brazilian hedge fund Gavea Investimentos.

Gavea has $6 billion under management and was founded by Arminio Fraga, former president of Brazil’s central bank, Highbridge said in a statement. Fraga is currently the fund’s chief investment officer.

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JPMorgan’s Highbridge Capital Takes Stake in Brazil Hedge Fund originally appeared on DailyFinance on Wed, 27 Oct 2010 08:28:00.

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HSBC May Consider Buying Northern Trust

by | Oct 26, 2010 | Towing

HSBC (HBC) may be considering a bid for Northern Trust (NTRS), a California-based financial services group, The Daily Mail said.

Northern Trust has more than $643 billion of assets under management and counts more than 20% of the wealthiest families in the U.S. among its clients.

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“Rumors persist that [HSBC] is lining up a $65 a share cash offer,” the Daily Mail said, without naming…

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HSBC May Consider Buying Northern Trust originally appeared on DailyFinance on Tue, 26 Oct 2010 07:30:00.

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