Daniel Pasquali

BRZ Investimentos Ltda. is the asset management subsidiary of Weigl Participações SA in Brazil, itself a subsidiary of GP Investments Ltd. (BVMF: GPIV33), a firm based in the Bermuda Islands and listed on the Luxembourg Stock Exchange and traded on the EuroMTF market. The firm was incubated at GP Investimentos in 1998 and formerly known as GP Administração de Recursos. They became BRZ Investimentos in 2007. Headquartered in Sao Paulo, BRZ Investimentos is a multi-product, customer-focused firm which performs in-house research, strict risk control and mainly offers credit and private equity funds strategies.

Itaú USA Asset Management, Inc. (Itaú USA) is a SEC-registered investment advisor and hedge fund manager headquartered in New York City. The firm was founded in 2011 and they are directly owned by ITB Holding Brasil Participações Ltda. and their ultimate parent is Itaú Unibanco Holding SA (BVMF: ITUB4, NYSE: ITUB). Itaú USA provides discretionary and non-discretionary investment advisory and sub-advisory services to funds and institutional clients located or domiciled within or outside of the US.

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.

Part of Itaú Unibanco Holding SA, Banco BBA Creditanstalt SA is an international investment bank. The company is based in São Paulo, Brazil.

Banco Itaú BBA SA provides corporate and investment bank services. Its solutions include corporate, investments, institutional treasury, and public offers. The company was founded on July 28, 1967 and is headquartered in Sao Paulo, Brazil.

Credit Suisse (Brasil) SA CTVM (Credit Suisse Brazil) is the Brazilian broker/dealer subsidiary of Banco de Investimentos Credit Suisse (Brasil) SA, itself a subsidiary of Credit Suisse Group AG (SWX: CSGN) in Switzerland. The firm was formerly known as Banco de Investimentos Credit Suisse (Brazil). Headquartered in Sao Paulo, Credit Suisse Brazil operates with brokerage and treasury operations, Fixed Income operations (credit and debt restructuring), issuance of shares and bonds, IPO and mergers and acquisitions (M&A).

Itaú Seguros SA engages in the provision of casualty insurance and reinsurance services to corporate and individual clients. It offers coverage for travel, vehicles, and real estate property. The company was founded on June 29, 1921 and is headquartered in São Paulo, Brazil.

Santander CCVM SA is a brokerage firm headquartered in Sao Paulo, Brazil. The firm was founded in 1982 and is a subsidiary of Banco Santander (Brasil) SA (BVMF: SANB3; NYSE: BSBR). Santander provides brokerage services to their 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.

GAP Gestora de Recursos Ltda. (Gap Asset) is the Brazilian asset management subsidiary of GAH Participacoes Ltda., ultimately held by Prudential Financial Inc. (NYSE: PRU) in the US. The firm was founded in 1996 by Renato Junqueira B. Ribeiro, Emanuel Pereira da Silva and Carlos Camacho. Headquartered in Rio de Janeiro, Gap Asset manages the GAP range of funds including multimarket, equities, fund of funds, private pension plans and hedge funds.

Neo Gestão de Recursos Ltda. (Neo) is an independent fund management firm headquartered in Sao Paulo, Brazil. The firm was founded in 2003 and manages the Neo mutual fund range for various investors. Neo is a signatory to the UN Principles for Responsible Investment (UNPRI) which integrates environmental, social, and governance considerations into their investment process.

Bram Bradesco Asset Management S/A DTVM (BRAM) is an asset management firm headquartered in Sao Paulo, Brazil. The firm was founded in 2000 as a result of the consolidation of Bradesco Templeton Asset Management, BCN Alliance Asset Management, Boavista, BANEB, Credireal and Banco Bradesco´s Fund Management and Investment Portfolio departments. They are a subsidiary of Banco Bradesco BBI SA, which is owned by Banco Bradesco SA (BVMF: BBDC4, NYSE: BBD). The firm manages local funds that invest globally for Brazilian investors and, on the other hand, it manages management of Latin American funds for foreign investors. BRAM is a signatory to the UN Principles for Responsible Investment (UNPRI).

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.

XP Gestão de Recursos Ltda. (XP) is the asset management subsidiary of XP Holding Investimentos SA, ultimately held by XP, Inc. (NASDAQ: XP) in Brazil. The firm was founded in 2006 by Guilherme Benchimol. Headquartered in Rio de Janeiro, XP manages a range of funds for individuals, financial institutions, businesses, family offices and institutional investors.

Schroder Investment Management Brasil Ltda. (Schroder Brazil) is an asset management firm headquartered in São Paulo, Brazil. The firm was founded in 1994 and is owned by Schroder International Holdings Ltd., ultimately held by Schroders Plc (LON: SDR; OTCMKTS: SHNWF) in Great Britain. Schroder Brazil manages local funds for institutional investors, financial institutions and high net worth clients.

JGP Gestão de Recursos Ltda. (JGP) is the asset management y subsidiary of JGP Participacoes Ltda. in Brazil. The firm was founded in 1998 by a group of investment professionals including André Roberto Jakurski, Arlindo Raggio Vergaças Jr. and José Carlos Carvalho. Headquartered in Rio de Janeiro, JGP manages the JGP range of funds and provides investment advisory services to sophisticated investors and high-net worth individuals. To align interests with those of their clients, the JGP partners invest in the JGP funds.

BTG Pactual Asset Management S/A DTVM (BTG Pactual-AM) is the investment management subsidiary of Banco BTG Pactual SA (BVMF: BPAC11) in Brazil. Headquartered in Rio de Janeiro, BTG Pactual-AM was founded in 2010 and provides asset management services to clients, including institutional clients, high-net worth individuals, corporations and distribution partners in Brazil and across Latin America.

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.

Santander Brasil Gestão de Recursos Ltda. (SBG) is the Brazilian asset management subsidiary of Santander Asset Management Investment Holdings Ltd. in Great Britain. Headquartered in Sao Paulo, SBG was founded in 2008 and offers a diversified range of investment funds, managed portfolios and investment advice to individual, corporate and institutional investors.

Part of Fosun International Holdings Ltd., Guide Gestão de Recursos Ltda. is a financial management company based in Rio de Janeiro, Brazil. Guide Gestão de Recursos Ltda. specializes in investment management and offers personalized investment solutions to its clients. The Brazilian company's motto is "Conheça e invista com quem te entende," which translates to "Get to know and invest with those who understand you." The company was founded in 2009 by Jorge Freire Gouvêa.

Kapitalo Investimentos Ltda. (Kapitalo) is an independent investment management firm headquartered in Sao Paulo, Brazil. The firm was founded by Carlos Woelz and João Carlos Pinho in 2009. Kapitalo manages funds for individual and institutional investors.

Agora Gestão de Recursos Ltda. (AGR) is the fund management subsidiary of Kirton Bank SA, itself a subsidiary of Banco Bradesco SA (BVMF: BBDC4, ADR: BBDO) in Brazil. The firm was founded in 2004 as Kirton Gestão de Recursos Ltda. They changed their name to HSBC Gestão de Recursos Ltda. in 2016 and Agora Gestão de Recursos Ltda. in 2019. Headquartered in São Paul, AGR manages mutual funds for individual and institutional 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.

Ibiúna Macro Gestão de Recursos Ltda. The company is based in São Paulo, Brazil. Ibiúna Investimentos manages over $35 billion in assets distributed in three funds\: macro, shares, and credit. The Brazilian company believes that initiatives that have a positive impact on society are fundamental in any line of business. The company incorporates investment processes fully into the different assets they operate. The company has the support of an external consultancy specializing in sustainable finances to monitor and measure ex-exit factors for managed portfolios, as well as supporting the integration of these factors with asset analysis and management processes. is a Brazilian independent resource manager that was founded in 2010 by Rodrigo Telles da Rocha Azevedo and Mário Gomes Torós. Mário Gomes Torós has been the CEO since 2010.

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.

Banco Itau SA provides banking services. The private company is based in São Paulo, Brazil and has subsidiaries in Brazil.

SPX Gestão de Recursos Ltda. (SPX Capital) is an independent Brazilian fund management firm which was founded in 2010 by Bruno Pandolfi, Rogério Xavier and Daniel Schneider. Headquartered in Rio de Janeiro, SPX Capital offers discretionary macro and fundamental equity strategies for individual and institutional investors.

AMS Capital Ltda., do-business-as M. Safra & Co. Money Managers, is a privately-held asset management firm headquartered in São Paulo, Brazil. The firm was founded by Ezra Moise Safra as Everest Participações Ltda. in 1998 to manage resources of the Safra family. AMS Capital offers investment funds for qualified investors, individuals and companies.

J. Safra Asset Management Ltda. (Safra AM) is an asset management firm headquartered in Sao Paulo, Brazil. The firm was founded in 1968 and is a subsidiary of Sercom Trade Services Ltda., ultimately held by Grupo Safra SA in Brazil. Founded in 1968, Safra AM manages assets for individual and institutional clients.

Vista Capital Gestora de Recursos Ltda. is an investment management company based in Rio de Janeiro, Brazil. Vista Capital offers various investment strategies, including long biased view, macro research, and multi-strategy view, in Brazilian and international markets. The Brazilian company has grown from managing $30 million to over $6 billion in assets under management, thanks to consistent performance, strict risk controls, and a focus on retaining the best human capital. Vista Capital does not sell or distribute quotas of investment funds or any other financial assets, and past profitability does not guarantee future profitability. The private company was founded in 2014 by João Landau, Luis Felipe Aleixo Lutosa Clark Magon, João Eduardo Lopes, and has Luiz Guilherme Gama as the CEO since 2015.

Verde Asset Management SA (Verde) is the investment management subsidiary of Holding Verde Empreedimentos e Participações SA in Brazil. The firm was founded by Luis Stuhlberger in 2015. Headquartered in Sao Paulo, Verde manages the Verde fund range with different risk levels and strategies.

TRUXT Investimentos Ltda. (TRUXT) is an independent alternative investment firm headquartered in Rio de Janeiro, Brazil. The firm was founded in 2015 and formerly known as R2 Gestora de Recursos Ltda. TRUXT manages the Truxt Funds for individual and institutional investors.

Miles Capital Ltda. is an independent asset management firm headquartered in São Paulo, Brazil. The firm was co-founded by Fabiano Custodio and Albert Munck in 2015. Miles Capital manages assets of individual and institutional clients.

Legacy Capital Gestora de Recursos Ltda. The private company is based in São Paulo, Brazil. Legacy Capital is formed by professionals with a long history of working together and great experience in asset management. is a Brazilian independent asset management company founded in 2017.

Part of XP, Inc., XP Vista Asset Management Ltda. is a property management company based in São Paulo, Brazil. XP Vista Asset Management Ltda. specializes in property management services. The Brazilian company was founded in 2012. Bruno Castro has been the CEO of the company since 2020.

Blueline Asset Management Ltda. is based in São Paulo, Brazil and has subsidiaries in Cayman Islands. is an independent asset management firm led by a group of partners with an average of 28 years of experience in the financial industry, including previous positions at J.P. Morgan and Banco BBM. The Brazilian company operates as a meritocratic partnership with a focus on profitability and strict risk control. The private company was founded in 2018, and Giovani Pereira e Silva has been the CEO of the company since 2018.

Clave Gestora de Recursos Ltda. The private company is based in São Paulo, Brazil and has subsidiaries in Brazil. is a Brazilian company that specializes in managing resources and maintaining relationships with investors. was founded in 2020, and Rubens Luiz dos Santos Henriques has been the CEO of the company since 2021.

Part of Itaú Unibanco Holding SA, Itaú Unibanco Asset Management Ltda. is a financial services company based in São Paulo, Brazil. Itaú Unibanco Asset Management Ltda. provides various financial services, as described in their website. The Brazilian company was founded in 2021 and Carlos Augusto Salamonde has been the CEO of the company since 2021.