As part of the partnership, FRM and Itajuba Investimentos, a Brazilian distributor owned by partners of Itajuba International, have launched a 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.
The bulk of its assets will go to an offshore FRM fund of funds, made up of over 30 international CTAs and hedge funds.
Marco Zanuso , Director at FRM responsible for Latin America said that they have a long term commitment to Brazil and look forward to working with their local partner Itajuba to serve this important and growing market.
