The far-sighted ones are looking beyond the election and Fed and seeing a robust global manufacturing rebound and impressive corporate earnings. These strong fundamentals are finally overcoming risk aversion — and could set th…
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.
“This has been…
Continue reading JPMorgan’s Highbridge Capital Takes Stake in Brazil Hedge Fund
JPMorgan’s Highbridge Capital Takes Stake in Brazil Hedge Fund originally appeared on DailyFinance on Wed, 27 Oct 2010 08:28:00.
Filed Under: Company News, People, Investing, JP Morgan Chase
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