The Billion Dollar Interview with Gabriel Srour, Hedge Funds Co-CIO at Gávea Investimentos
Gávea Investimentos is a global alternative asset management firm founded in 2003. Today, Gávea manages approximately US$7 billion in assets under management (AUM) making it one of the largest Brazilian alternative asset managers. The firm was founded by Arminio Fraga, former Governor of the Central Bank of Brazil and former Managing Director at Soros Fund, and Luiz Henrique Fraga, former President of Latinvest Asset Management. Main lines of business are Global Macro Hedge Funds and Private Equity, currently accounting for around 90% of our AUM. Over the last three years, we have added two new lines of business that have been consistently expanding: Public Equities and Real Estate. Each line of business has its own fully dedicated portfolio management team, which follows a diligent and research-based investment processes, seeking attractive risk-adjusted returns while maintaining a focus on capital preservation. In November 2010, a majority interest in Gávea was sold to the global asset management arm of J.P. Morgan Chase & Co.