XP to acquire a minority stake in Giant Steps.

XP, a Brazillian provider of low-fee financial products and services, agreed to acquire a minority stake in Giant Steps, a quantitative investment manager. Financial terms were not disclosed. “This partnership places XP alongside one of the most innovative managers in the country, which has been generating robust results in recent years for its clients through the intensive use of technology. This combination along with an exceptional team, positions Giant Steps as the leading player in this rapidly growing market," Gustavo Pires, XP Partner.