The investment objective of the Fund is to achieve superior risk-adjusted returns. The Fund is a multi-strategy allocation fund with a macro oriented approach. Strategies are chosen based upon their risk/reward ratio. Equity research is done using a thorough fundamental analysis with a constant search for alpha. The equity research team utilizes a bottom-up approach, covering over 80 stocks in the Brazilian market. Top-down analysis using macro economic projected scenarios is also employed, thus building positions on a combination of both methodologies. The Fund focus is on Brazilian assets.