Raphael Fraga Maia

Provides investment advice

BTG Pactual-AM is an active manager which merges regional research and investment expertise in Latin American markets with their experience in traditional and alternative strategies. Portfolio Managers manage strategies rather than specific funds or managed accounts, all supported by pre-defined allocation rules, robust internal controls and strong operational infrastructure. The firm offers a complete family of investment funds, pursuing differentiated returns against strict risk controls and capital preservation, maintaining their competitive advantage by offering top-tier client service, customized products, and access to the best technology.

Tarpon Gestora is an active, contrarian manager which invests through their funds and portfolios in a select number of high impact ideas.

FAR is an active manager which performs in-house fundamental analysis of companies and industries to support investment decisions.^ The firm's investment decisions are taken from guidelines established by the Investment Committee, which meets regularly and evaluates the international scenario and its interaction with the Brazilian economy and the domestic setting, including economic activity, interest rates, exchange, sectoral implications and policy issues.