Image may be NSFW.
Clik here to view.
After months of speculation, JPMorgan is finally set to buy Gávea, a Rio de Janeiro hedge fund run by Arminio Fraga (pictured), former central bank governor and one of the brightest stars in Brazil’s financial markets firmament.
The move is part of a bigger expansion by JPMorgan in Brazil. Staff numbers in the country have risen from 300 to 500 this year and will reach 1,500 within 18 months, according to one insider.
Continue reading »