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Alternative Market Briefing

Brazilian hedge fund Leste Capital expands in Miami

Tuesday, July 12, 2016

Komfie Manalo, Opalesque Asia:

Brazil-based hedge fund manager Leste Capital Management has opened an office in the Brickell Financial District in Downtown Miami as the district continues to secure its foothold as a global financial hub. The Miami Downtown Development Authority said that Leste’s move marks the fund manager’s first expansion into the U.S. market.

Brickell Avenue, known by many as 'Wall Street South,’ is home to more than 150 alternative investment companies including hedge fund management firms, wealth management firms, private equity groups and international banks. This number continues to increase thanks, in part, to the Miami DDA’s finance initiative, which has drawn a number of well-regarded institutions to the area, including Universa Investments, XP Securities and Atyant Capital.

"Miami was the natural choice when deciding to open an office in the U.S., not only for its proximity to Latin America and multicultural appeal but also for its burgeoning financial sector," said Stephan de Sabrit, managing partner of Leste Capital Management. "Being located in Downtown specifically will allow us to access global markets, recruit top talent and outpace even our most bullish growth projections."

Sabrit said that Leste Capital Management will occupy space at the former Espirito Santo Plaza building at 1395 Brickell Avenue. It is expected to open with nearly 10 full-time an......................

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