Micro
Equity PMs & Equity Research
Combining a bottom-up fundamental approach with a global macro perspective for risk control supports portfolio construction and diversification in highly cyclical markets.
Equity PMs & Equity Research
Equity PMs & Macro Research
Focus on
large caps
20 – 25
Brazilian companies
Portfolio position is considered as large at around 12% and mid at around 6%
Position sizing based on risk budget for each investment
Dynamic hedging through indexes, proprietary baskets, and future markets
Integrated process across all strategies.
Strategies
Continuous cycle
After monitoring and rebalancing, the process returns to time allocation.
A fundamentally driven equity strategy that seeks to deliver consistent performance and outperform the Ibovespa Index over the medium term. Macroeconomic analysis informs portfolio construction and diversification as part of the risk management process. Assets are invested primarily in equities.
Target investors: the general investing public, EFPC and RPPS.
A Long-biased strategy with an absolute return approach that seeks to deliver consistent performance and outperform the IMA-B Index over the medium term across different market conditions. Assets are invested primarily in equities. Strategies: directional long positions, directional short positions, relative value (pairs trading) and hedging.
Target investors: qualified investors.
A Long-short strategy with an absolute return approach that seeks to deliver consistent performance and outperform the CDI benchmark over the medium term across different market conditions, while maintaining a controlled risk profile. Assets are invested primarily in equities.
Strategies: directional long positions, directional short positions, relative value (pairs trading) and hedging.
Target investors: the general investing public.