JPMorgan aimed at acquiring the Brazilian hedge fund

JPMorgan Chase became interested in perspective Brazil

In brief: JPMorgan Chase sees prospects in the Brazilian market. JPMorgan is ready to put up a large sum of money for the Brazilian hedge fund.

JPMorgan Chase is in talks over the acquisition of Brazilian hedge fund. There are some rumors at high circles that the New York bank is discussing the possibility of buying the company, under which is approximately $ 5.3 billion in assets.

No agreement between the two sides have not yet been reached, but a deal could be announced as early as next month if negotiations are successful. Gavea Investimentos was founded by the former chairman of the Central Bank of Brazil, Arminio Fraga.

Anrey Torbinski
2010-06-21 08:59, Economics.

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