Brazil-based brokerage firm XP, which provides low-free financial products and services in Brazil has acquired a minority stake in Vista Capital, one of the primary independent equity and hedge funds managers in Brazil with over BR4.5 million under asset management, according to media reports.
This acquisition will also help XP to develop a comprehensive ecosystem for Brazil’s managers and distributors. Additionally, this deal will also help XP’s strategy by contributing to an increase in secondary market liquidity, helping to democratise investment products to more Brazilians.
Vista Capital also comes with solid track performance in hedge funds and equity funds. Its flagship fund Vista Multiestratégia FIC FIM has yielded 444 per cent since inception and net of fees, against 68 per cent of its benchmark. Both teams expect that it can grow its assets under management (AUM) with the help of Vista and benefit both the asset manager and funds platform.
XP’s goal is to disintermediate the legacy models of the traditional financial institutions by educating a new class of investors, providing access to a wider network of financial services, developing new financial products and technologies to empower its clients and providing high-quality customer service and client experience in the Brazilian asset management industry.
XP provides its customers with financial advisory services for retail, high net worth clients, international clients, corporate and institutional clients along with an open financial product platform that provides access to over 800 investment products including equity and fixed income securities, mutual and hedge funds, structured products, life insurance, pension plans, real-estate investment funds (REITs) and others from XP, its partners and competitors.