Brazil’s Banco Fator SA’s brokerage unit plans to open a global investment fund aimed at helping Brazilian pension funds invest outside the country, newspaper Valor Economico reported, citing executive Roseli Machado.
Machado, who co-founded the brokerage, will become the head of international business for the brokerage, according to the Sao Paulo-based paper. The global fund will be based in New York, Machado told Valor.
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