XP Inc, a provider of low-fee financial products and services in Brazil, has acquired a minority stake in Vista Capital, one of the main independent equity and hedge funds managers in Brazil, with over BRZ4.5 billion in Assets Under Management (AUM).
This transaction reinforces XP’s strategy to develop the most complete ecosystem of managers and distributors in Brazil.
Additionally, the development of independent asset managers meets XP’s strategy by contributing to an increase in secondary market liquidity, helping to democratise investment products to more Brazilians.
Vista has a solid performance track record in hedge funds and equity funds, with its flagship fund Vista Multiestratégia FIC FIM yielding 444 per cent since inception and net of fees, against 68 per cent of its benchmark. Both teams expect that, along with Vista’s ability to further develop new products, it can grow its AUM, and benefit both the asset manager and our funds platform.
