XP, Inc. operates as a technology-driven financial services platform. It offers services in Investments, Technology, Career, and Financial Market. Its product platforms include brokerage securities, fixed income securities, mutual and hedge funds, structured products, pension plans and life insurance, wealth management services and other investment products. The company was founded by Guilherme Dias Fernandes Benchimol in 2001 and is headquartered in Vila Olimpia, Brazil.
(Bloomberg) -- Joao Braga helped steer one of the top Brazilian hedge funds in the past few years. At his new firm, Encore Asset Management, he’s hoping to pull it off again.Only this time around, Braga, who succeeded in picking companies through old-school research, has embraced “quantamental” investing, a merger of computer and human-based decision making, he said in an interview. Encore hired quant analysts to develop machine-learning algorithms “to give our team an edge,” according to Braga.“It’s something in the early days in Brazil, so I drew inspiration from asset managers abroad,” he said. “It should set us apart in the local industry.”Traditional money managers around the globe, including prominent firms like Steve Cohen’s Point72 Asset Management LP and Dan Loeb’s Third Point ...
XP Inc., a Brazil-based investment management company, announced that it has struck a deal to buy financial advisory company Riza M&A to enhance its corporate client services and offerings. XP (XP) has not disclosed the terms of the deal. However, the company said that the deal is in-line with its strategy “to reinforce its Capital Markets ecosystem.” Riza’s partners, Marco Gonçalves and André Quaresma, will join XP’s M&A team as per the terms of the deal. Pedro Mesquita, head of XP Investment Banking said, “There is a huge potential for development in the Brazilian Capital Market.
At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (Recession is Imminent: We Need A Travel Ban NOW). In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each […]