Gávea Investimentos is an independent asset management company, based in Brazil and regulated by the Brazilian Central Bank and the Comissão de Valores Mobiliários (equivalent to the U.S. Securities and Exchange Commission in the United States).

The firm commenced operations in the 2nd quarter of 2003, launching its first two products in August 2003. Today, its activities are focused in three primary business areas:

• Hedge fund
  Hedge fund
  A hedge fund is a private pool of capital actively managed by an investment adviser. Hedge funds are only open for investment to a limited number of accredited or qualified investors who meet criteria set by regulators. These investors can be institutions, such as pension funds, university...
  
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• Illiquid Investment Strategies

Gávea had approximately 116 staff as of October 2010, with offices in Rio de Janeiro

Rio de Janeiro

Rio de Janeiro , commonly referred to simply as Rio, is the capital city of the State of Rio de Janeiro, the second largest city of Brazil, and the third largest metropolitan area and agglomeration in South America, boasting approximately 6.3 million people within the city proper, making it the 6th...

 and São Paulo

São Paulo

São Paulo is the largest city in Brazil, the largest city in the southern hemisphere and South America, and the world's seventh largest city by population. The metropolis is anchor to the São Paulo metropolitan area, ranked as the second-most populous metropolitan area in the Americas and among...

, Brazil.
Asset under management approx. : US$ 6.11 billion as of October 2010.

Gávea's hedge fund with $2.6 billion of assets under management

Assets under management

Assets under management is a financial term used denote the market value of funds being managed by a financial instutition on behalf of its clients, investors, depositors, etc. This metric is a sign of size and success against competition...

; a private equity

Private equity

Private equity, in finance, is an asset class consisting of equity securities in operating companies that are not publicly traded on a stock exchange....

 business with three funds totalling $2.8 billion; and a wealth management

Wealth management

Wealth management is an investment advisory discipline that incorporates financial planning, investment portfolio management and a number of aggregated financial services...

 business with $2.1 billion of assets under management. Gávea Investimentos is being sold to JPMorgan’s Highbridge Capital Management via a staged, five-year transfer of equity to J.P. Morgan Asset Management. A "well-placed source" told Brazilian daily newspaper Folha that Highbridge would pay about $1.5 billion (an initial $800 million payment for 55% of the equity this year, with the remainder being transferred over the next five years).

External links

• Gávea Investimentos
• Back In The Civilian Saddle: Arminio Fraga from Britain's Financial Times
  Financial Times
  The Financial Times is an international business newspaper. It is a morning daily newspaper published in London and printed in 24 cities around the world. Its primary rival is the Wall Street Journal, published in New York City....
  
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• Fund tracker at Bloomberg
  Bloomberg L.P.
  Bloomberg L.P. is an American privately held financial software, media, and data company. Bloomberg makes up one third of the $16 billion global financial data market with estimated revenue of $6.9 billion. Bloomberg L.P...