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JPMorgan’s Highbridge Is Close to Buying Gavea, Valor Reports

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May 18 (Bloomberg) -- JPMorgan Chase & Co.’s Highbridge Capital Management LLC is close to buying control of Brazilian fund company Gavea Investimentos Ltda., Valor Economico reported, without saying where it got the information.

Arminio Fraga, former head of Brazil’s central bank, may continue to lead Gavea for three to five years after the acquisition, the Sao Paulo-based newspaper said.

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To contact the reporter on this story: Laura Price in London at lprice3@bloomberg.net

To contact the editor responsible for this story: Francisco Marcelino at mdeoliveira@bloomberg.net

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