October 26, 2010
JPMorgan is reported to be set to announce the acquisition of Sao Paulo-bas
JPMorgan is reported to be set to announce the acquisition of Sao Paulo-based PE firm and hedge fund Gavea Investimentos as soon as today, according to a local press report. Both JPMorgan and Gavea decline to comment on the report on Veja’s website Monday. Previous reports had suggested JPMorgan had been looking to acquire a controlling stake in the business through its Highbridge Capital investment management firm. Gavea has $5.97bn in assets under management, according to its website.