Latest news with #Gavea
Yahoo
11 hours ago
- Sport
- Yahoo
‘This Will Never Happen Again': Brazilian Jockey Suspended 59 Days For Premature Celebration In Nation's Biggest Race
'This Will Never Happen Again': Brazilian Jockey Suspended 59 Days For Premature Celebration In Nation's Biggest Race originally appeared on Paulick Report. Brazilian jockey Leandro Henrique has been suspended 59 days and fined R$2,120 for a premature celebration in his nation's biggest race, the Grade 1 Grande Premio Brasil at Gavea Racecourse, reported the Turf Diario on June 27. The sanction is based on article 122 of the nation's racing regulations, which states: 'horses must be ridden competitively and with maximum effort up to the finish line.' The rule continues, 'Any premature celebration that causes the rider to ease up is prohibited, as is any action that risks the safety of horse or rider.' Advertisement Henrique was fined R$2,000 for the celebration, and R$120 for drifting in during the final furlong. Collectively, the fine converts to approximately $386 USD. Roughly 50 meters out from the finish line at Hipodromo da Gavea, in Rio de Janeiro, Brazil, Henrique stood up in the irons, while raising his right arm into the air and twisting his body towards the grandstand. As he celebrated, a fast-charging Valparaiso stormed up the rail and nearly took the win, but Henrique and his mount Sinsel won by a diminishing nose. 'I didn't see the horse on the inside,' Henrique admitted, speaking to the Jockey Club Brasileiro. 'I want to apologise to Mr Esteves and to the owners, Stud Red Rafa. This will never happen again.' He continued: 'Many people are judging me for not being cold, but only those who have ridden horses know what is really going on there when you are about to win the most important race in the country. It is indescribable. 'Thank God, I realized the threat in time and guaranteed victory. I have spoken with the trainer and the owners, everything is fine, and we resolved it ourselves. In the end, racing is about one thing – crossing the finish line first. And I did it.' Sinsel received a berth in the Breeders' Cup Turf for his win in the Grande Premio Brasil. Read the full report at This story was originally reported by Paulick Report on Jun 27, 2025, where it first appeared.
Bloomberg
27-05-2025
- Business
- Bloomberg
Hedge Fund Gavea Shifts Investment Focus Due to Rising Volatility
Gavea Investimentos Ltda., the hedge fund created by former Brazil central bank chief Arminio Fraga, adjusted its equity team and investment focus in response to rising market volatility. Instead of choosing stocks based mostly on an analysis of individual companies, a so-called bottom-up approach, the alternative-investment firm is now prioritizing a more macroeconomic and international focus, according to people familiar with the matter.
