Arminio Fraga Neto

Gávea Gestão de Investimentos Ltda. (Gávea Investimentos) is the Brazilian asset management subsidiary of 3F Administracao De Recursos Ltda., itself a subsidiary of JPMorgan Chase & Co., Inc. (NYSE: JPM) in the US. Established as an idependent firm in 2003 by Arminio Fraga and Luiz Fraga, J.P. Morgan Asset Management, the global asset management arm of J.P. Morgan Chase & Co. Inc., acquired a majority stake in Gávea Investimentos in 2010. The firm will form a strategic alliance with Highbridge Capital Management, a wholly-owned subsidiary of J.P. Morgan Asset Management, to provide Highbridge Capital Management with greater macroeconomic insight and direct exposure to investing in Brazil. The firm has offices in Rio de Janeiro and São Paulo and focuses on hedge funds, wealth management and illiquid investment strategies including private equity.

BM&FBovespa SA organizes, develops and provides systems for the trading of equities, derivates, fixed income securities, federal government securities, financial derivates, spot foreign exchange and agricultural commodities. It operates its business through the following segments: Bovespa, BM&F, and Institutional & Corporate Products. The Bovespa segment offers various mechanisms and tools for trading of fixed and variable income securities on stock and over the counter markets. The BM&F segment covers the main steps of the cycles of trading and settlement of securities and contracts. The segment also includes the trading of commodities, foreign exchange, public debt, and services provided by Banco BM&F and the Brazilian Commodities Exchange. The Institutional & Corporate Products segment provides services such as depository of securities, as well as lending and listing of securities, data services and classification of commodities, and technological products. The company was founded on May 8, 2008 and is headquartered in São Paulo, Brazil.

Soros Fund Management LLC (SFM) is a privately-held investment management firm now structured as a family office, but which was once a hedge fund manager. The firm was founded in 1969 and is headquartered in New York City. SFM serves as principal investment adviser to a group of funds managed for the benefit of Soros family cl fsients.

Founded in 1969, Banco de Investimentos Credit Suisse (Brasil) SA is a subsidiary of UBS Group AG that provides security brokerage services. The company is based in São Paulo, Brazil.

Gavea Investimentos Ltda. (GIL) is an independent investment management firm headquartered in Rio de Janeiro and was founded in 2003. Formerly known as 3F Administracao De Recursos Ltda., the firm was founded in 2003 by Arminio Fraga and Luiz Henrique Fraga. In 2010, Gavea became a subsidiary of JPMorgan Asset Management, the asset management arm of J.P Morgan Chase & Co. and created a strategic alliance with Highbridge Capital Management, the global alternative asset manager owned by JPMorgan Asset Management. GIL’s activities are focused on hedge funds, private equity funds, equity funds and real estate funds.

Gávea Investimentos Ltda. (Private Equity) is a Private Equity firm, a subsidiary of Gávea Investimentos Ltda. founded in 2003 by Luiz Henrique Fraga and Arminio Fraga Neto. Gávea Investimentos Ltda. (Private Equity) is headquartered in Rio de Janeiro.

Gávea Crédito Estruturado Gestão de Investimentos Ltda. The company is based in São Paulo, Brazil. The company specializes in global and Brazilian investments, with a focus on two main business areas: Multimarket Funds and Private Equity. is an independent asset management company founded in 2003.