JPMorgan Holds Talks to Acquire Brazilian Fund
Monday, June 21, 2010 : PermalinkNYT – JPMorgan Chase is pushing ahead with talks to acquire a big Brazilian alternative investment fund manager, Gávea Investimentos, despite a potential clampdown on banks owning such operations, a person briefed on the matter told DealBook.
Still, the specter of the so-called Volcker Rule, which would place limits on banks’ ability to own hedge funds and private equity funds, hangs over the talks, which are ongoing and may not lead to a deal, this person cautioned.
