Friday, 29 July 2016
Last updated 1 hour ago
Oct 29 2010 | 1:42am ET
The Bank of New York Mellon’s Brazilian asset management arm says it plans to launch an onshore, regulated version of its Brazil hedge fund.
BNY Mellon ARX Investimentos recently launched a Latin America Infrastructure fund. The firm said it is likely to add a U.K. version of its Brazilian hedge fund.
“Latin America and Brazil are not passive plays because there is a disconnect between their high weightings in commodities stocks, and the locally-focused stocks that are growing,” Alex Gorra, head of ARX’s international platform, said.