Until now the trend has been for a few intrepid funds of funds – four in total – to launch funds of funds investing in Brazil for the international market. But Financial Risk Management has flipped the direction and the $9 billion funds of funds has established a strategic partnership with Itajubá International, a Brazilian alternatives specialist, to provide institutional investors in Brazil with access to global hedge funds.
As part of this relationship, FRM and Itajubá Investimentos,...