Brazil Hedge Fund Galapagos to Start US Fund in 2023, CIO Says
- Firm to expand asset management business to Miami, Zanini said
- Galapagos is targeting $1 billion for the new EM macro fund
A trolley travels through the Miracle Mile Coral Gables shopping district in downtown Coral Gables, Florida, US, on Thursday, Sept. 1, 2022.
Photographer: Saul Martinez/BloombergThis article is for subscribers only.
Sao-Paulo based Galapagos Capital is planning to expand its asset management business to the US next year, according to chief investment officer Sergio Zanini.
The company, which has about $2.8 billion under management, will hire four portfolio managers and two research strategists to be based in Miami for a new macro fund focused on emerging markets and registered in the US, said Zanini, who oversees Galapagos’ liquid strategies for the asset management arm.