BTG Pactual passes $3 billion with high-performing GEMM flagship


BTG Pactual Asset Management, the investment arm of the fast-growing Brazil-based international financial group, has passed the $3 billion mark with its well-performing Global Emerging Markets and Macro (GEMM) flagship hedge fund on the back of excellent performance so far this year, in a period when many other macro funds have stumbled.

The fund – which is annualising at 27% since its inception in February 2009 and won the EuroHedge award for global macro with its performance in 2010 – is on a roll again this year. GEMM was up by 13.67% for the first half of the