15 Dec 2011
Financial Risk Management (FRM) has established a strategic partnership with Itajubá International, a Brazilian alternatives specialist. This partnership aims to provide institutional investors in Brazil with access to global best of breed hedge funds.
As part of this relationship, FRM and Itajubá Investimentos, a Brazilian distributor owned by partners of Itajubá International, have recently launched the only Brazilian mutual fund which invests the majority of its assets in a global portfolio of offshore hedge funds.
FRM Global Hedge Fund FIM, when registered with the CVM (Brazilian Securities and Exchange Commission), will be available to super qualified Brazilian investors. It will invest the majority of its assets in an offshore fund managed by FRM which contains over 30 international CTAs and hedge funds.
The Fund will be fully hedged in Reais, allowing investors to benefit from the interest rate differential between Reais and US Dollars.
As part of this relationship, FRM and Itajubá Investimentos, a Brazilian distributor owned by partners of Itajubá International, have recently launched the only Brazilian mutual fund which invests the majority of its assets in a global portfolio of offshore hedge funds.
FRM Global Hedge Fund FIM, when registered with the CVM (Brazilian Securities and Exchange Commission), will be available to super qualified Brazilian investors. It will invest the majority of its assets in an offshore fund managed by FRM which contains over 30 international CTAs and hedge funds.
The Fund will be fully hedged in Reais, allowing investors to benefit from the interest rate differential between Reais and US Dollars.
Marco Zanuso, Director at FRM responsible for Latin America, said “Itajubá and FRM share the same philosophy, that alternative investments can bring significant value to institutional portfolios because of their diversification benefits. FRM has a long history of working with institutional investors around the world, particularly when they are in the early stages of exploring alternatives and need to build their knowledge on the sector prior to making allocations. We have a long term commitment to Brazil and look forward to working with our local partner Itajubá to serve this important and growing market.”
