BTG Pactual to ‘close’ $2.5bn GEMM fund by year-end, lines up move into new strategies

Thu Sep 22, 2011

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The firm has hired a team of equity specialists to launch a multi-strategy global equity trading product and is also eyeing new opportunities in the credit markets to expand its fast-growing alternative investment business

Steve Jacobs
BTG Pactual Asset Management, the investment arm of the fast-growing Brazil-based investment bank and asset management group led by Andre Esteves that is focused on emerging and global markets, is planning a major move into equity trading in a significant expansion of its global hedge fund activities.

The firm is also building up its credit team to take advantage of distressed opportunities that it sees coming in the European market, including the recent hire of a team of European credit specialists from Bank of America Merrill Lynch.

The new initiatives come on the back of the highly successful performance of the group’s flagship BTG Pactual Global Emerging Markets and Macro (GEMM) hedge fund, which has been one of the most eye-catching new entrants in the global and EM space over the past two or three years.

Managed by a 40-strong investment team in London, New York, Hong Kong,...

ISSN: 2151-1845 / CDC10004H

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