Apex Group, an asset management platform, completed the acquisition of BRL Trust Investimentos, a Brazil-based independent fund administrator. Financial terms were not disclosed. "We continue to see significant opportunity in the Latin American market and with the strategic acquisition of BRL Trust, Apex becomes the largest independent services provider in the Brazilian market. Whether managers are looking to raise, operate and invest funds domestically in Brazil or across international markets, Apex will now be the default choice to service these funds using a coordinated single-source offering," Peter Hughes, Apex Group Founder and CEO.