Luis Nazario Raele Rodrigues

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.

Part of Coöperatieve Rabobank UA, Banco Rabobank International Brasil SA provides investment advice. The company is based in São Paulo, Brazil and was founded in 1989.

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.

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.

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.

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.

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.

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.

Duna Asset Management Ltda. The private company is based in São Paulo, Brazil. provides investment advice. and has subsidiaries in Brazil. The Brazilian company was founded in 2008 by Inácio Ponchet, João Simões.

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.

Part of Porto Seguro Itau-Unibanco Participaçoes SA, Porto Seguro Investimentos Ltda. The company is based in São Paulo, Brazil. is a Brazilian company that offers a Capitalization Title for Rent, which allows you to rent a property without a guarantor and also participate in sweepstakes. The company was founded in 2012. Roberto de Souza Santos has been the CEO of the company since 2018.

Global X Brasil Gestora de Investiemntos Ltda. (Global X Brazil) is the Brazilian asset management subsidiary of Mirae Asset Global Investments Co., Ltd. in South Korea. The firm was founded in 2008 as Mirae Asset Global Investimentos Gestão de Recursos Ltda. Headquartered in Sao Paulo, Global X Brazil provides innovative solutions to retail and institutional clients.

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.

Part of Citigroup, Inc., Citibank DTVM SA is a bank with over 100 years of experience in Brazil. The company is based in São Paulo, Brazil. The Brazilian company provides responsible financial services that enable economic growth and progress. The company was founded in 1971. The CEO is Roberto Paolino.

Banco Finasa de Investimento S/A is a national commercial bank based in Brazil.

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.

Visão Prev Sociedade de Previdência Complementar is a Brazilian company that provides investment advice for pension funds. Part of Telefónica SA, the company is based in São Paulo, Brazil. The company was founded in 2004 and the CEO is Guilherme Bittencourt Ramos de Oliveira.

Part of ORIX Corp., RB Capital Asset Management Ltda. The company is based in São Paulo, Brazil. is a Brazilian company that specializes in asset management. The company was founded in 2006 by Marcelo Michaluá. Marcelo Michaluá has been the CEO since 2006.

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.

UBS Brasil CCTVM SA is the Brazil-based broker/dealer subsidiary of UBS Brasil Participações S, ultimately owned by UBS Group AG (SWX: UBSG). Headquartered in Sao Paulo, the firm was founded in 1999 and provides broking services to corporate and institutional clients.

PNBY Gestora de Recursos Ltda. (do-business-as Panamby Capital) is the asset management subsidiary of Nióbio Participações Ltda., which is owned by Boro Participações Ltda. in Brazil. Headquartered in São Paulo, Panamby Capital was founded in 2008 and offers high-performance investment products with sustainable long-term results.

Infinity Asset Management Administração de Recursos Ltda. (Infinity Asset Management) is an independent investment management firm headquartered in Sao Paulo, Brazil. The firm was founded in by David J. Gil Fernandez 1999, initially focused on providing brokerage services for BM&F, Bovespa and the public and private securities market. Infinity Asset Management has focused on fund management activities since 2003, thus ending brokerage activities. The firm offers management and allocation in open and exclusive investment funds for individual and institutional clients.

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.

Sul América Investimentos Gestora de Recursos SA (SulAmérica Investimentos) is the asset management subsidiary of Sul América Investimentos DTVM SA, ultimately held by Rede D'Or São Luiz SA (BVMF: RDOR3) in Brazil. Founded in 2015, the firm is headquartered in Sao Paulo and manages assets for a range of clients such as pension funds, insurers, companies, financial institutions, family offices, brokers, distributors and high-net worth individuals. SulAmérica Investimentos is a signatory to the UN Principles for Responsible Investment (UNPRI) and seeks to incorporate environmental, social and corporate governance matters into their business practices.

3R Gestora de Recursos Ltda. (3R) is an independent Brazilian asset management firm founded by Tomás Rocha Awad in 2012. Headquartered in Sao Paulo, 3R offers a range of investment solutions for different investor/client profiles.

CentraleSupélec operates as a higher education and research institution. The firm is a public institution under ministerial charter, devoted to the sciences and engineering. The company was founded on January 1, 2015 and is headquartered in Paris, France.

Prumo Capital Gestora Recursos Ltda. (PCGR) is an independent investment adviser headquartered in São Paulo and was founded in 2012. The firm provides investment advisory and management services to their clients.

Safari Capital Gestão de Recursos Ltda. is a financial resources management company based in São Paulo, Brazil. and has subsidiaries in Brazil. Safari Capital does not sell or distribute shares of investment funds or any other financial asset. The Brazilian company provides information for informational purposes only. Before investing, it is recommended that you carefully read the fund's regulations, the supplementary information form, and the essential information sheet. Safari Capital offers financial education on how to invest and learn about the financial market and investment benefits. The private company uses cookies and other tracking technologies to improve browsing experience, analyze site traffic, and enhance marketing efforts. The company was founded by Marcelo Cavalheiro and Elsom Yassuda.

Logos Gestão de Recursos Ltda. is a Brazilian company based in São Paulo. is committed to providing secure investment opportunities for its clients. The Brazilian company was founded in 2018 by Ricardo da Cruz Gouveia Vieira and Luiz Henrique Guerra, with Ricardo da Cruz Gouveia Vieira serving as CEO since then.

Solana Gestora de Recursos Ltda. (dba Solana Capital) is an independent third-party asset manager headquartered in Sao Paulo, Brazil. The firm was founded by Cláudio Delbrueck in 2013. Solana Capital specializes in the management of variable income assets.

Quadrante Investimentos Ltda. The private company is based in São Paulo, Brazil. provides investment advice. The Brazilian company was founded in 2003 by Edson Inácio. Edson Inácio has been the CEO since 2003.

Part of XP, Inc., XP Investimentos CCTVM SA is a financial investment company based in Rio de Janeiro, Brazil. The Brazilian company offers a variety of investment options such as CDB, LCA, LCI, COE, CRI, CRA, Fundos, Futuros, Tesouro, and more. XP Investimentos CCTVM was founded in 1997 by Guilherme Benchimol, who has been the CEO since then.

Part of Costanera Management Ltd., CG Investimentos Brazil Ltda. The company is based in São Paulo, Brazil. is a Brazilian company that provides investment advice. The company was founded in 2018. George Kerr has been the CEO of the company since 2018.

Part of Evik Participaçoes Ltda., Evolve Capital Gestão de Recursos Ltda. The company is based in São Paulo, Brazil. is a Brazilian company that created the Evolve investment club to manage resources with the aim of meeting common customer demands in variable income. The investment process of Evolve Capital is composed of 6 phases, starting with the origination of opportunities and followed by analysis. The company was founded in 2016 by Mateus Cosac, Sergio Lisa de Figueiredo. Mateus Cosac has been the CEO since 2016.

Norte Asset Management Gestão de Recursos Ltda. is a newly founded investment management company based in São Paulo, Brazil. The Brazilian company specializes in managing assets in the stock and fixed income markets. The private company was founded in 2020 by Diego Bottai, Edson Fujimori, Gustavo Macedo Salomao, Egídio Freitas, Rafael Castro.

Founded in 1996, �ureo Administração de Recursos Ltda. Part of �tico Empreendimentos e Participações Sa, the company is based in Rio de Janeiro, Brazil. is a Brazilian company that specializes in structured credit, infrastructure, and investment banking. The company's goal is to become a reference in these areas.

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.