Abu Dhabi

BTG Pactual lures $1.8bn capital investment

 By Patrick Jenkins in London and Jonathan Wheatley in São Paulo

Published: December 6 2010 17:55 | Last updated: December 6 2010 17:55
BTG Pactual, the independent Brazilian investment bank, has secured a $1.8bn injection of fresh capital from a consortium of banks, led by three of the world’s biggest sovereign wealth funds.

Temasek

Few fund managers have been spared the ignominy of writing occasionally apologetic letters to investors. Temasek, Singapore’s investment agency, has an enviable track record and, with the government its sole shareholder, has rarely had to face tough public questioning. Not any more.

What did I say then?

A last-gasp idea for clearing our air (3 years 10 weeks ago):

The Air Company will have to pay the government a huge sum for the right to take ove...

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