Brazil’s hedge funds break through
Named after the 19th-century Brazilian entrepreneur Ireneu Evangelista de Souza (the Baron of Mauá), Mauá Investimentos certainly has the pedigree to succeed.
Founded in January, the firm is the brainchild of Luiz Fernando Figueiredo, a former deputy governor at the central bank. He is also one of the co-founders, along with Arminio Fraga and Luis Fraga, of Gávea Investimentos, Brazil’s best-known hedge fund. The Gávea link runs deep; 10 other Gávea executives joined Figueiredo at Mauá.
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