BTG Pactual to ‘close’ $2.5bn GEMM fund by year-end, lines up move into new strategies
Thu Sep 22, 2011
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
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
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,
ISSN: 2151-1845 / CDC10004H
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