Arminio Fraga was president of the Central Bank of Brazil from 1999 to 2002. He has sometimes been called the Alan Greenspan of Latin America though that comparison may not sit well these days as Greenspan comes in for his share of the blame for the global financial crisis. In 2001 Fraga founded the Rio de Janeiro-based Gávea Investimentos an independent asset management company. It operates principally in the areas of hedge funds wealth management and illiquid investment strategies. In an interview with Knowledge at Wharton Fraga draws upon his wide experience and understanding to talk about the financial crisis its causes and future concerns.
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