XP Inc. Partners With Giant Steps, a Leading Quantitative Investment Manager in Brazil
SÃO PAULO--(BUSINESS WIRE)--Jun. 4, 2021--
With XP, Giant Steps is positioned to accelerate its national and international expansion plans, build out the company’s product portfolio with the creation of new strategies and hire talent from other countries by opening branches offshore.
The quantitative fund industry has been experiencing rapid growth in recent years. Currently, 8 of the 10 largest managers in the world focus on systematic/quantitative strategies, with these strategies representing more than 30% of total assets under management in
“This partnership places XP alongside one of the most innovative managers in the country, which has been generating robust results in recent years for its clients through the intensive use of technology. This combination along with an exceptional team, positions Giant Steps as the leading player in this rapidly growing market,” stated
“We have chosen XP as we believe that with their support we will further accelerate our investments in fronts that we believe are sources of competitive advantage: people, expansion of technological infrastructure and the acquisition/development of alternative data – such as sentiment analysis on Twitter to image and video processing,” commented
With one of the best track records in the multimarket fund industry over the last decade, the flagship fund, Giant Zarathustra, has recorded an absolute return of 290% since 2012 against 110% for the CDI. Giant Sigma (33% versus 13% CDI since 2018) complements the portfolio. In addition, the company recently announced the launch of an equity fund based on alternative data as well as a crypto fund, the first in the Brazilian market to have Bitcoin (BTC) as a benchmark.
"In a world where the speed of order transaction is a fraction of a second- and the creation of information far greater than human absorption capacity, refusing to incorporate technology in the investment process is akin to turning a blind eye to the evolution of markets," said Terni.
The completion of the transaction is subject to compliance with certain precedent conditions.
XP is a leading, technology-driven financial services platform and a trusted provider of low-fee financial products and services in
- Educating new classes of investors;
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- Developing new financial products and technology applications to empower clients; and
- Providing high-quality customer service and client experience in the industry in
XP provides customers with two principal types of offerings, (i) financial advisory services for retail clients in
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