What is your manager profile?
We are an independent manager with 20 years of experience. Trópico was founded in 2002 as Orbe Investimentos. Today, we have around R$1 billion under management, divided into local and offshore funds. We have two low risk and volatility multimarket funds, one of which is closed to new funding. But we are already developing another similar fund, but with a higher return and volatility target. There are also equity and pension strategies focused on value and long-term, in addition to offshore.
What is your strategy for hedge funds?
Our funds do not follow conventional macro strategies. These are low-volatility and low-risk funds, aimed at clients looking for profitability and security. The strategy includes equity arbitrage operations, term financing, federal public fixed income and financial bills from prime banks. We do not have active strategies in yield curves, foreign exchange and international markets. We only assume risk in equity funds.
How do you see the impact of the global economic slowdown on Brazil?
Brazil will suffer from the slowdown in the world, as it is an exporter of commodities. A slowdown harms the demand for this type of product, prices and the performance of the Brazilian economy. The scale of this is what will be the question. There will be no impact at all. It needs to be analyzed on a case-by-case basis.
What are the prospects for the service sector, given that no significant growth in Brazilian income is expected in the coming years?
Each Selic rise takes six to eight months to have an effect on the economy. Its effect is not yet priced. High interest rates reduce demand and employment. On the other hand, the government has stimulated income with scholarships and grants, which has had the opposite effect. It is too early to say what will happen when the two forces enter the field, as it depends on the magnitude of the effect of each. It’s like a driver accelerating a car while keeping the handbrake on.
GRADES
FIAGRO DA SUNO NEGOTIATES BRL 10 MILLION IN DEBUT
Suno reported on Tuesday (16) that its fund dedicated to agribusiness (Fiagro) launched at the beginning of the month with the code SNAG11 recorded a turnover of BRL 10.3 million in its opening trading session, on August 8 . In the first week, Fiagro recorded transactions of R$ 15.3 million. The investment in the same segment that appears in the second position was RURA11, with R$ 5 million traded on the B3 trading floor.
INVESTO RECEIVES INVESTMENT OF BRL 40 MILLION FROM VAN ECK
Investo, an asset manager specializing in Exchange Traded Funds (ETFs), received BRL 40 million in capital contributions on Monday (15). The company also informed that Van Eck, an international manager of ETFs and mutual funds, was one of the main participants in the funding round. The funds will be used by Investo to scale operations and strengthen the portfolio of products, including equities, fixed income and cryptocurrencies.
CARIOCA FUSE CAPITAL BETS ON STARTUPS
Fuse Capital, a Rio de Janeiro-based manager specializing in alternative funds, announced on Monday (15) that it has started raising funds for Fuse Capital Fund II. The fund will focus on investments in startups in the web 3.0 universe, an internet model that incorporates concepts of decentralization, blockchain and tokennomics. Funding is expected to raise US$ 50 million. The company said it hopes to explore the sector more assertively.
IN MINUTES
15.3%
It was the rise in retail sales in July, without discounting inflation, according to the Cielo Expanded Retail Index (ICVA) released on Monday (15). Even with the advance, the number represents a deceleration in comparison with June, when the indicator rose 22.8%. “The segments more linked to the vacation period, such as Tourism and Transport, contributed to the growth of retail”, said the data product manager at Cielo, Diego Adorno.
LOW
1.28%
It was the fall in inflation in the second four weeks of August, measured by the Weekly Consumer Price Index (IPC-S) of Fundação Getulio Vargas (FGV). The biggest contribution to the result came from the transport group, whose prices dropped 4.99%. In the segment, the highlight goes to airfare, which shows a drop of 29.33%. The food sector remained with the highest increase. Prices rose 0.85%, decelerating from the previous four-week high of 1.40%.
#Fernando #Camargo #Luiz #founder #Trópico #ISTOÉ #DINHEIRO