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,