BW Investment Management (BWGI), Family Office of the Moreira Salles family, continues to reinforce its international operation by hiring names in the global market of hedge funds. The most recent is Paul Levi, former Citadel and Magnetar, who began to lead the trading area of the new management division in New York. The information was first released by Bloombergand confirmed by Infomoney.
Levi joined BWGI last month, and made the change last week, according to his profile at LinkedIn. The executive has tickets for funds such as citadel, magnetar capital and delta Global Management, the latter supported by Millennium Management.
Hiring is part of BWGI’s expansion in the United States. Last year, Family Office brought Brookfield Asset Management professionals to structure the division and allocated $ 2 billion to the investment team.
The team is led by Jason Siegel, former chief of Brookfield’s Hedge Funds platform Asset Management. In addition to Levi, they are part of Aaron Hara and Kristin Willoughby, also former Brookfield, and Rob Levites, former Mult-Strategy Advisers.
Headquartered in São Paulo, BWGI manages about R $ 23.7 billion in assets, according to the latest annual report.
With an estimated fortune of US $ 24 billion (R $ 140 billion), the Moreira Salles family is one of the main shareholders of Itaú Unibanco () and recently made an offer for.
