News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

BTG Pactual boosted by 666% rise in principal investments

Real-estate gains help Brazilian investment bank that floated in April to more than double net profits to 1.6 billion reals

BTG Pactual posted a 666% rise in principal investments revenues over the first half of 2012 as the Brazilian investment bank shrugged off tough conditions to reap the rewards of its trading strategy.

The principal investment's first half revenues of 1.3 billion reals, which were boosted by real-estate gains as well as the global markets, or trading business, boosted the bank's results.

WSJ Logo