Claritas G4 Fund Class

Brazil Macro

Fund Investment Objectives

The Investment objective is to achieve substantial returns by taking directional bets in different asset classes and utilizing different instruments (including derivatives) in Latin American markets, mostly in Brazil. A substantial part of the fund P&L comes from long term thematic bets. The investment process is essentially fundamental-driven. Idea generation combines a top-down macro analysis and a bottom-up micro analysis coming from the equity team. The team comprises one portfolio manager, two traders/analysts and one economist, out of which two are partners of the firm. There exist synergies between the multi-strategy team and the equities team who runs a separate strategy. An advisory board, composed by prominent ex-central bankers, helps in the discussion about macro themes. All investment professionals are compensated on the basis of the fund performance.