Paulo Baia is the head of global research for Nexar Capital Group. A partner, he has been with the firm since its inception. Prior to joining Nexar, Baia was the head of research of the Societe Generale Asset Management (SG AM) fund of hedge funds program based in New York and a managing director of SG AM. Before joining SG AM in 2003, Baia spent five years at Dresdner Kleinwort Wasserstein, where he worked in Latin American capital markets origination and served as a co-head of the New Business Group. He joined Dresdner New York in 1998 as the head of the emerging markets proprietary trading desk. From 1995 to 1997, Baia headed the Brazil fixed income and equities trading desk at Donaldson, Lufkin & Jenrette. Prior to DLJ, Baia spent seven years at Bankers Trust Co., first heading the Brazil desk and later the Latin American fixed-income and equity trading team. Baia has a degree in finance from Universidade Federal de Minas Gerais in Brazil and a master's degree from Columbia University.

Panel:
Is the Fund of Hedge Funds Business Model in Need of Repair?