Fidelity Holding Sizable BM&F Stake

Fidelity Holding Sizable BM&F Stake


FMR, a subsidiary of US mutual fund company Fidelity, has purchased a 6.87% stake in the BM&F, Brazil’s commodities and derivatives exchange by purchasing 69m shares. According to a statement filed with the CVM, the stake was acquired at request of some of FMR’s clients, namely other funds that invest. The value of the investment was not disclosed, but a Fidelity official says the stock was purchased by various managers over a long period of time. The average trading price of the BM&F over the p

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