October 01, 2014 2:36 AM ET

Capital Markets

Company Overview of Discovery Capital Management, LLC

Company Overview

Discovery Capital Management, LLC is an employee owned hedge fund sponsor. The firm primarily provides its services in pooled investment vehicles. It launches and manages hedge funds for its clients. The firm invests in public equity and fixed income markets across the globe. It also invests in alternative investment markets to make its investments. The firm primarily invests in stocks of companies operating in emerging markets. It employs fundamental analysis with top-down and bottom-up stock picking approach to create its portfolios. The firm employs in-house and external research to make its investments. Discovery Capital Management, LLC was founded in April 1999 and is based in South Nor...

20 Marshall Street

Suite 310

South Norwalk, CT 06854

United States

Founded in 1999

Phone:

203-838-3188

Fax:

203-354-1450

Key Executives for Discovery Capital Management, LLC

Founder and Portfolio Manager
Chief Financial Officer
Chief Operating Officer
General Counsel and Chief Compliance Officer
Compensation as of Fiscal Year 2014.

Discovery Capital Management, LLC Key Developments

Discovery Capital Reportedly Prepares To Increase The Stake In HRT

Discovery Capital Management, LLC prepares a strategy to take over HRT Participações em Petróleo S.A. (BOVESPA:HRTP3), edition Relatorio Reservado reported on November 08, 2013. Strategy would include an increase in Discovery's shareholding in HRT which holds 35% of HRT's ordinary shares. Also according to the publication, the company targets to change the legal status of HRT and avoid application of Articles 44 and 53. The first obliges each shareholder in HRT with a 20% stake in the company to make a public offer for the remaining shares, while the second article determines the announcement to the market of acquisitions involving more than 5% of the company's capital. The plan of Discovery is against the interests of some of HRT's shareholders such as Marcio Rocha Mello, Founder and Chief Executive Officer of HRT, resigned as CEO in May, 2013. The clash is expected in the first quarter of 2014. Discovery plans to convene a shareholders meeting by March 2014 with the aim to propose the change of HRT's legal status, Relatorio Reservado, said. On November 08, 2013, the stock of HRT fell 2.5% at BRL 0.78 in Sao Paulo.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
March 25, 2014
Social Finance, Inc.
Merger/Acquisition
November 5, 2013
HRT Participações em Petróleo S.A.
 

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