SPX Capital Plots Turnaround After 2 Decades of Growth as Faltering Returns Spur Internal Rift
Updated
Updated · Bloomberg · Jun 11
SPX Capital Plots Turnaround After 2 Decades of Growth as Faltering Returns Spur Internal Rift
1 articles · Updated · Bloomberg · Jun 11
Summary
SPX Capital is working on a turnaround after weak fund performance triggered a dispute among partners over how to restructure one of Brazil’s largest hedge-fund firms.
Rogerio Xavier, who built SPX over roughly 20 years, said reports of a coup to remove him were false and denied any physical confrontation during the talks.
The effort centers on stabilizing suddenly faltering returns while containing internal tensions that have left the Brazil hedge fund publicly embattled.
The episode marks a sharp test for a firm that spent two decades becoming one of the country’s most influential money managers.