The Gávea Group comprises two investment management firms (Gávea Investimentos and Gávea Equity) and one distributor (Gávea DTVM). These are regulated by the

Central Bank of Brazil The Central Bank of Brazil (, ) is Brazil's central bank, the bank is autonomous in exercising its functions, and its main objective is to achieve stability in the purchasing power of the national currency. It was established on Thursday, 31 Dece ...

, the Comissão de Valores Mobiliários - CVM (Brazil’s equivalent to the US SEC) and the Brazilian Financial and Capital Markets Association (ANBIMA).

Assets under management In finance, assets under management (AUM), sometimes called fund under management, refers to the total market value of all financial assets that a financial institution—such as a mutual fund, venture capital firm, or depository institutio ...

of approximately US$3.5 billion as of March 2019. Gávea was founded in the 2nd quarter of 2003 by

Arminio Fraga Armínio Fraga Neto (born 20 July 1957, in Rio de Janeiro) is a Brazilian economist who was president of the Central Bank of Brazil from 1999 to 2003. From 1993 until his appointment to the Central Bank, he was Managing Director of Soros Fund Ma ...

and Luiz Henrique Fraga, launching its first two products in August of that same year. Its activities are focused on four lines of business;

hedge fund A hedge fund is a Pooling (resource management), pooled investment fund that holds Market liquidity, liquid assets and that makes use of complex trader (finance), trading and risk management techniques to aim to improve investment performance and ...

private equity fund A private equity fund (abbreviated as PE fund) is a collective investment scheme used for making investments in various equity (and to a lesser extent debt) securities according to one of the investment strategies associated with private equity. ...

equity funds A stock fund, or equity fund, is a fund that invests in stocks, also called equity securities. Stock funds can be contrasted with bond funds and money funds. Fund assets are typically mainly in stock, with some amount of cash, which is general ...

and real estate funds. Gávea has offices in Rio de Janeiro and São Paulo, with a staff of approximately 150. In November 2010, Gávea announced the sale of a majority interest in its capital to J.P. Morgan Asset Management, the asset management arm of

JPMorgan Chase JPMorgan Chase & Co. (stylized as JPMorganChase) is an American multinational financial services, finance corporation headquartered in New York City and incorporated in Delaware. It is List of largest banks in the United States, the largest ba ...

. And consequently, creating a strategic alliance with

Highbridge Capital Management Highbridge Capital Management, LLC is a multi-strategy alternative investment management firm founded by Glenn Dubin and Henry Swieca in 1992. In 2004, it was purchased by JPMorgan Chase; as of 2019, it had about $3.9 billion in assets under m ...

, the global alternative asset manager owned by J.P. Morgan Asset Management. Its investment process for each of the existing lines of business remains unchanged, under the leadership of CIO

, Luiz Henrique Fraga and their teams.

References

External links

Gávea InvestimentosBack In The Civilian Saddle: Arminio Fraga
from Britain's ''

Financial Times The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and also published digitally that focuses on business and economic Current affairs (news format), current affairs. Based in London, the paper is owned by a Jap ...

''
Fund tracker
at ''

Bloomberg Bloomberg may refer to: People * Daniel J. Bloomberg (1905–1984), audio engineer * Georgina Bloomberg (born 1983), professional equestrian * Michael Bloomberg (born 1942), American businessman and founder of Bloomberg L.P.; politician a ...

'' Financial services companies of Brazil Hedge fund firms Companies based in Rio de Janeiro (city) Financial services companies established in 2003 2003 establishments in Brazil {{Brazil-company-stub