BTG Sees $1.1 Billion in Fund Withdrawals After Esteves's Arrest

  • Ten fixed-income funds lose about one-third of net assets
  • Esteves was jailed Wednesday as part of a corruption probe

Grupo BTG Pactual SA’s clients took 4.2 billion reais ($1.1 billion) out of some of the bank’s most liquid fixed-income funds in the two days following the arrest of controlling shareholder Andre Esteves.

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