Artur Losnak

BNP Paribas Asset Management Brasil Ltda. (BNPPAM) is the Brazilian asset management arm of Banco BNP Paribas Brasil SA, itself a subsidiary of BNP Paribas SA (XP: BNP, ADR: BNPQY) in France. The firm is headquartered in Sao Paulo and was founded in 1998. BNPPAM provides competitive investment options for high-net worth individuals, pension funds, insurance companies and foreign investors.

Itaú Unibanco SA is the asset management subsidiary of Itaú Unibanco Holding SA (BVMF: ITUB4; NYSE: ITUB) in Brazil. The firm was created as Banco Itaú SA when Unibanco and Itaú merged. Headquartered in Sao Paulo, Itaú Unibanco provides a full line of banking services to individual, institutional and corporate clients.

Far Fator Administração de Recursos Ltda. (FAR) is the asset management subsidiary of Banco Fator SA, ultimately owned by Fator Empreendimentos e Participacoes Ltda. in Brazil.^ Established in 1997, the firm is based in Based in Sao Paulo and develops tailored products for individual and institutional clients including open and closed pension funds, the public sector and insurance companies.

Rio Bravo Investimentos Ltda. (Rio Bravo) is an asset manager headquartered Sao Paulo, Brazil. The firm was founded by Gustavo Franco and Paulo Bilyk in 2000. They are owned by Rio Bravo Asset Management Participações SA, which is owned by Fosun International Holdings Ltd. in British Virgin Islands. Rio Bravo offers investment funds for institutional investors.

Santander Brasil Asset Management DTVM SA (SAM Brasil) is the Brazil-based investment management subsidiary of SAM Brasil Participacoes SA, itself a subsidiary of Santander Asset Management Holdings Ltd. in Great Britain. Formerly known as Santander Banespa Asset Management, the firm was founded in 1968 and is located in São Paulo, where they provide mutual fund and discretionary portfolio management for institutions, pension funds, corporations and private investors. In 2009 the firm absorbed the activities of Banco Real Asset Management. They are a signatory to the UN Principles for Responsible Investment which integrates ESG factors into their investment processes.

Bradesco SA CTVM is the securities brokerage subsidiary of Banco Bradesco BBI SA, itself owned by Banco Bradesco SA (BVMF: BBDC4) in Brazil. Headquartered in Sao Paulo, the firm provides full spectrum of brokerage services specifically tailored for both retail and institutional investors.

Part of Citigroup, Inc., Citigroup Global Markets Brasil CCTVM SA is a brokerage services provider. The company is based in São Paulo, Brazil. The Brazilian company was founded in 1990. Marcelo Marangon has been the CEO of the company since 2013.

ARX Investimentos Ltda. (ARX) is the Brazilian asset management subsidiary of MBC Investments Corp., ultimately held by The Bank of New York Mellon Corp. (NYSE: BK) in the US. Formerly known as BNY Mellon ARX Investimentos Ltda., the firm was founded in 2001 by José Alberto Tovar and was acquired by BNY Mellon in 2008. Headquartered in Rio de Janeiro, ARX focuses exclusively on managing assets in Brazil for a diversified client base of high-net worth individuals, family offices, wholesale distributors, corporations and institutional clients.

Itaú Corretora de Valores SA is a brokerage company based in São Paulo, Brazil. Part of Itaú Unibanco Holding SA, Itaú Corretora de Valores SA provides brokerage services. The Brazilian company was founded in 1965 and Leonard Bruno Linnet has been the CEO of the company since 2021.

Part of Mauá Capital SA, Mauá Investimentos Ltda. The company is based in São Paulo, Brazil. is a Brazilian company that provides investment advice. The company was founded in 2005 by João Cesar Tourinho, William Ismael Rozenbaum Trosman, Luiz Fernando Figueiredo.

Polo Capital Gestão de Recursos Ltda. (Polo Capital) is an independent Brazilian fund management firm which was founded in 2002 by Marcos Duarte and Claudio Andrade. Headquartered in Rio de Janeiro, Polo Capital manages funds for qualified individual and corporate investors.

Modal Asset Management Ltda. (Modal AM) is an asset management firm headquartered in Rio de Janeiro, Brazil. The firm was founded in 2002 and is a subsidiary of Banco Modal SA. Modal AM manages a range of investment funds for individual and institutional investors.

BV Distribuidora de Títulos e Valores Mobiliários Ltda. (BV DTVM) is an asset management firm headquartered in headquartered in Sao Paulo, Brazil. The firm was founded in 1999 as Votorantim Capital DTVM Ltda., subsequently became Votorantim Asset Management DTVM Ltda. in 2000 and changed their name to BV Distribuidora de Títulos e Valores Mobiliários Ltda. in 2021. They are a subsidiary of Kartra Participaçoes Ltda., which is owned by Banco Bradesco SA (BVMF: BBDC4). BV DTVM manages the assets of third parties and creates customized financial solutions for a range of clients which includes institutional and corporate investors, private banking clients, distributors, and international funds and investors.

Banco Alfa de Investimento SA (Investment Management) (Banco Alfa-IM) is the investment management division of Banco Alfa de Investimento SA (BVMF: BRIV3) in Brazil. Founded in 1966, the firm is headquartered in Sao Paulo and manages investment funds for individual and corporate clients.

Part of Grupo Safra SA (Private Group), Turmalina Gestão e Administração de Recursos SA is a company based in São Paulo, Brazil. The Brazilian company provides investment advice.

Part of Banco BTG Pactual SA, BTG Pactual CTVM SA is a Brazilian company that develops digital banking mobile application software. The company is based in São Paulo, Brazil. The company was founded in 1973. Rodrigo Goes has been the CEO of the company since 2009.

Part of SAS Rue la Boétie, CA Indosuez Wealth (Brasil) SA DTVM provides investment advice. The company is based in São Paulo, Brazil. The Brazilian company was founded in 1997. The CEO is Urbano Araujo de Moraes.

Somma Investimentos SA is an independent asset management firm headquartered in Florianópolis, Brazil. Founded in 2003, the firm offers investment funds for the general public, suited to different investor profiles and their financial objectives.

AZ Quest Investimentos Ltda. (AZ Quest) is the Brazilian asset management subsidiary of AZ Brasil Holdings Ltda., ultimately held by Azimut Holding SpA (BIT: AZM, ADR: AZIHY) in Italy. The firm was founded by Luiz Carlos Mendonça de Barros in 2001. Headquartered in Sao Paulo, AZ Quest offers investors a diversified platform of high quality products in Equities, Macro, Private Credit and Arbitrage strategies.

Kondor Administradora e Gestora de Recursos Financieros Ltda. (Kondor Invest) is an independent asset management firm headquartered in in Sao Paulo, Brazil. The firm was founded in 2006 by Rodrigo Veiga and Marc Kattan. Kondor Invest manages the Kondor funds for individual and corporate investors.

Kinea Investimentos Ltda. (Kinea) is an investment management firm headquartered in headquartered in Sao Paulo, Brazil. The firm was founded by former BankBoston executives in 2007 and is a subsidiary of Itaú Unibanco SA, itself a subsidiary of Itaú Unibanco Holding SA (ADR: ITUB) in Brazil. Kinea manages hedge funds, multimarket shares funds, real estate funds and private equity funds.

Conselho Nacional de Desenvolvimento Científico e Tecnológico is a government agency engaged in the promotion of scientific and technological research. It conducts studies and training programs for students and professionals in the fields of biology and nuclear physics. The company was founded on January 15, 1951 and is headquartered in Brasília, Brazil.

JGP Global Gestão de Recursos Ltda. (JGP) is the asset management subsidiary of JGP Participações Ltda. in Brazil. The firm was founded by André Roberto Jakurski in 2006. Headquartered in Rio de Janeiro, JGP manages credit, multi-market and equity funds and offers wealth management services for high net worth individuals.

LCA Consultores Ltda. provides economic consulting services. Its practice areas include macroeconomics, market intelligence, competition economics, and investment & corporate finance. The company is headquartered in Sao Paulo, Brazil.

TAG Investimentos Ltda. is the asset management subsidiary of TAG Partners Ltda., which is owned by TAG Participações e Investimentos Ltda. in Brazil. Headquartered in São Paulo, the firm was founded in 2004 and offers a global solution platform to clients with complete independence from financial institutions. It develops, exclusively, financial, real estate and corporate solutions for individuals, companies and the institutional market.

Kinea I Real Estate Equity Fundo de Investimento em Participações Multiestrategia operates as a closed-end investment fund. The company was founded on February 8, 2008 and is headquartered in Sao Paulo, Brazil.

Icatu Vanguarda Gestão de Recursos Ltda. (Icatu Vanguarda) is the asset management subsidiary of Icatu Holding SA in Brazil. The firm was founded in 1998. Headquartered in Rio de Janeiro, Icatu Vanguarda provides asset management services to institutional or individual clients.

Itaú DTVM SA (Itaú DTVM) is the fund management subsidiary of Itaú Unibanco SA, itself a subsidiary of Itaú Unibanco Holding SA (SPSE: ITUB4, ADR: ITUB) in Brazil. Established in 1972, the firm is headquartered in São Paulo and focuses on managing collective investment funds and exclusive and reserved investment funds for individual and institutional clients.

Banco J. Safra SA (BJS) is the wealth management subsidiary of Banco Safra SA and their ultimate parent is Grupo Safra SA. BJS provides a private banking and wealth management services for high-net worth, institutional and individual clients. The firm is headquartered in Sao Paulo and was founded in 1998.

Part of Moody's Corp., Moody's América Latina Ltda. is a company based in São Paulo, Brazil. Moody's América Latina Ltda. provides investment research. The Brazilian company was founded in 1997. Carlos Prates has been the CEO of the company since 2021.

Gavea Investimentos Ltda. (GIL) is an independent investment management firm headquartered in Rio de Janeiro and was founded in 2003. Formerly known as 3F Administracao De Recursos Ltda., the firm was founded in 2003 by Arminio Fraga and Luiz Henrique Fraga. In 2010, Gavea became a subsidiary of JPMorgan Asset Management, the asset management arm of J.P Morgan Chase & Co. and created a strategic alliance with Highbridge Capital Management, the global alternative asset manager owned by JPMorgan Asset Management. GIL’s activities are focused on hedge funds, private equity funds, equity funds and real estate funds.

Rosenberg Investimentos Consultora e Administradora CVM Ltda. (Rosenberg) is the wealth management subsidiary of Rsgm Participaçoes Ltda. in Brazil. The firm was founded by Renato Soriano in 2009. Headquartered in São Paulo, Rosenberg provides investment solutions to private wealthy clients.

AndBank Gestão de Patrimônio Financeiro Ltda. (AndBank) is the Brazilian private banking subsidiary of Banco AndBank (Brasil) SA, which in turn is owned by Andorra Banc Agricol Reig SA in Andorra. Headquartered in Sao Paulo, the firm was founded in 2008 as Lla Gestão de Patrimônio Financeiro Ltda. AndBank provides private banking services and investment solutions to individual investors, institutions and companies.

Jive Asset Gestão de Recursos Ltda. (Jive Asset) is the asset management subsidiary of Jive Investments Consultoria Ltda. in Brazil. The firm was founded by Alexandre Marques Cruz and Marcelo Martins in 2011. Headquartered in Sao Paulo, Jive Asset manages distressed funds for individuals and institutional investors.

Part of Canvas Participações Ltda., Canvas Capital SA is a company that provides information about Canvas Capital and Canvas Funds to non-Brazilian investors. The company is based in São Paulo, Brazil. The company does not offer any sale or purchase of securities or funds through this site. It is only intended for investors seeking information about the company and should not be used as a basis for investment decisions. The company was founded in 2012 by Antonio Carlos Quintella and Sérgio Fraiman Blatyta, with Antonio Carlos Quintella serving as the CEO since then.

RK Partners Assessoria Financeira e Gestao de Recursos Ltda. The private company is based in São Paulo, Brazil. is a financial advisory and Brazilian asset management company. The company was founded in 2010 by Ricardo Knoepfelmacher.

Part of Absolute Holding Ltda., Absolute Gestão de Investimentos Ltda. is a Brazilian independent resource manager based in São Paulo. Absolute's disciplined culture is reflected in its principles and processes, which prioritize respect for people, time, and clear communication. The Brazilian company has grown its assets under management consistently over time, with a team of professionals who share a significant intercession in macroeconomic and market analysis and management philosophy. Absolute offers several investment strategies, including disciplined macro, shares, arbitrage, and credit. The company provides regulatory documents in compliance with regulatory requirements and maintains transparency in its actions. The company was founded in 2013, and Tiago Sant'Anna has been the CEO since then.

Iridium Gestão de Recursos Ltda is a private company based in São Paulo, Brazil. The Brazilian company does not market or distribute investment funds or any other financial assets. The information contained on their site is merely informative and should not be used as investment advice. The company is not responsible for any damage resulting from the use of the information contained on their site. The company was founded in 2017, and Antonio Carlos da Rocha Conceição has been the CEO of the company since 2017.

Part of Maccro Holdings Ltda., Macro Capital Gestão de Recursos Ltda. is a financial investment management company based in São Paulo, Brazil. Macro Capital Gestão de Recursos Ltda. specializes in personalized investment management services that are aligned with clients' financial goals and risk profiles, with the aim of maximizing returns and protecting their investments. The Brazilian company was founded in 2004, and Mauro Bergstein has been the CEO of the company since 2019.

Kairós Capital Gestão de Recursos Ltda. is a Brazilian company based in Sao Paulo, Brazil. Kairós Capital provides investment advice. The Brazilian company was founded in 2018 by Luiz Fabiano Gomes Godoi.

Part of Península Capital Participações Ltda., O3 Gestão de Recursos Ltda. is an investment management company based in São Paulo, Brazil. O3 Gestão de Recursos Ltda. is focused on absorbing, producing, and refining knowledge to make the best choices to generate value for their clients. The Brazilian company offers consistent products, performance, and a team of people who want to innovate and reinvent to influence the future. is a local management company with global theses and is open to all types of investors. The company was founded in 2008, and the CEO is Abilio dos Santos Diniz.

Part of Tenax Partners Ltda., Tenax Capital Ltda. The company is based in São Paulo, Brazil. is a new background manager that focuses on generating consistent returns, prosperity, and development with responsibility. Tenax Capital is committed to sustainability, diversity, and compliance with governance rules. The Brazilian company believes in the power of fundamentalist analysis, which is the central pillar of its investment philosophy. The company has a creative and meritocratic work environment that favors the generation of ideas, never giving up the importance of robust processes. Founded in 2021 by Sergio Luiz da Silva, Vinicius Alves Fukushiro, and Alexandre Paixao Silvéri, Alexandre has been the CEO of the company since 2022.

Part of SVN Controle e Participações Ltda., SVN Gestora de Recursos Ltda. The company is based in Sao Paulo, Brazil. is a Brazilian company that specializes in asset management. The company was founded in 2021. Leonardo Morales has been the CEO of the company since 2021.

SFA Investimentos Ltda. is a resource management company based in São Paulo, Brazil. SFA Investimentos focuses on investing in long-term focus companies to generate alpha and create equity value and growth for their investors. The Brazilian company has a differentiated investment philosophy and solid and well-structured processes to achieve long-term returns and preserve them. SFA Investimentos has invested time and resources to develop processes that allow its professionals to know deeply invested companies, their strategies, and execution capacity. The private company provides a monthly report and quarterly management letter to its subscribers. The information available on their website is exclusively informative and does not constitute any kind of investment counseling. The company was founded in 2013 by Ciro Aliperti Neto, who has been the CEO since then.