Investment Philosophy

Dynamics:

We believe that financial markets are inefficient. Financial assets dynamic is related to individuals’ psychologic factors and demographics.

Patterns:

Assign patterns is part of human nature. This is a challenge to management: to differentiate those patterns from random walks. Alpha generation comes from auto similarity perception and to know how to deal to randomness.

Price and Value:

Price and Value are correlated, but not the same. Our investments thesis are developed when financial markets ignore this concept. When financial assets are mispriced they usually offer better return with lower risk.

Liquidity Management:

Risk and return are more related to liquidity and duration than most people think of. We look forward to balance this relationship to carter to our customers with a superior performance.

Consistency:

Portfolio selection, market timing and adequate prices are conditions to achieve superior results and an efficient risk management.