XP Investimentos

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XP Investimentos is a Brazilian financial services company that operates an asset management arm, XP Asset. XP Asset is seeking authorization to launch a fund of funds, XP Selection Alternativo, targeting up to BRL1 billion to invest primarily in Brazilian private equity funds, with up to 20% allocation to international managers. The firm also has a network of independent investment agents and has faced a data breach affecting over 100,000 clients.