SNR Denton has won a lead role on a major South American deal which has seen JP Morgan step up its commitment to emerging markets by taking a majority stake in a $6bn (£4bn) Brazilian hedge fund. Highbridge Capital Management, an asset management firm owned by JP Morgan, yesterday (27 October) announced the purchase of a 55% stake in hedge fund and private equity firm Gavea, which is headed up by Brazil's former central bank chief, Arminio Fraga.
October 28, 2010 at 07:11 AM
1 minute read
The original version of this story was published on Legalweek
SNR Denton has won a lead role on a major South American deal which has seen JP Morgan step up its commitment to emerging markets by taking a majority stake in a $6bn (£4bn) Brazilian hedge fund.
Highbridge Capital Management, an asset management firm owned by JP Morgan, yesterday (27 October) announced the purchase of a 55% stake in hedge fund and private equity firm Gavea, which is headed up by Brazil’s former central bank chief, Arminio Fraga.
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