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Brazil broker XP’s IPO tops target range, raises US$1.96b

SAO PAULO: XP Inc, Brazil’s largest brokerage by equity-trading volume, raised US$1.96bil in its US initial public offering (IPO), pricing its shares above the marketed range.

Dymon is betting on cheap tail risk amid market complacency

HONG KONG: Dymon Asia Capital (Singapore) Pte Ltd is positioned so that almost one-third of its macro hedge fund’s portfolio would benefit from black-swan market events and dislocations, chief investment officer Danny Yong said.