Alan Cardoso

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.

Part of Holding Plural SA, Genial Investimentos Corretora de Valores Mobiliários SA is a brokerage firm based in Rio de Janeiro, Brazil. Genial Investimentos provides brokerage services. The Brazilian company was founded in 1981 and the CEO is Rodolfo Riechert.

BB Gestão de Recursos DTVM SA (BB DTVM) is a fund management firm headquartered in Rio de Janeiro, Brazil with an additional office in São Paulo. The firm was founded in 1986 and is a wholly-owned subsidiary of government-owned Banco do Brasil S.A. (BVMF: BBAS3). It specializes in the management of third-party resources and the administration of investment funds for Banco do Brasil clients. They utilize the BB distribution network to offer products and services to high-net worth individuals, corporate, government and institutional investors. BB DTVM is a socially responsible investor and signatory to the UN Principles for Responsible Investment (UNPRI).

HSBC México SA (Broker) is the Mexico-based broker/dealer division of HSBC Mexico SA, ultimately held by HSBBC Holding Plc (LSE: HSBA; ADR: HSBC) in Great Britain. Headquartered in Mexico City, the firm provides brokerage services to various clients.

Zurich Santander Brasil Seguros e Previdência SA engages in the provision of personal insurance services and private pension income plans. The company was founded in 1975 and is headquartered in São Paulo, Brazil.

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.

Part of Lacan Administração de Bens e Participações Ltda, Lacan Investimentos e Participações Ltda. is a company based in São Paulo, Brazil. Lacan Investimentos e Participações Ltda. is a Brazilian real asset fund management company with a focus on ESG principles and over 20 years of experience. The company was founded in 2000 by Luiz Augusto de Oliveira Candiota, who has been the CEO since 2000.

A2A Administração e Gestão de Ativos Ltda. is a private company based in São Paulo, Brazil. provides investment advice. The Brazilian company was founded in 2011 and is led by CEO Antônio Afonso de Oliveira Neto.

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.

XP Gestão de Recursos Ltda. (XP) is the asset management subsidiary of XP Holding Investimentos SA, ultimately held by XP, Inc. (NASDAQ: XP) in Brazil. The firm was founded in 2006 by Guilherme Benchimol. Headquartered in Rio de Janeiro, XP manages a range of funds for individuals, financial institutions, businesses, family offices and institutional investors.

Part of SAS Rue la Boétie, CA Indosuez Wealth (Brasil) SA DTVM provides investment advice. The company is based in São Paulo, Brazil. The Brazilian company was founded in 1997. The CEO is Urbano Araujo de Moraes.

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.

Seguradora Brasileira de Crédito à Exportação SA provides export credit insurance services. It offers insurance policies purchased by Brazilian exporters against the risk of default arising from foreign buyers. The company was founded in 1997 and is headquartered in Sao Paulo, Brazil.

Zurich Santander Brasil Seguros SA provides damage insurance services. The company is headquartered in São Paulo, Brazil.

TAG Investimentos Ltda. is the asset management subsidiary of TAG Partners Ltda., which is owned by TAG Participações e Investimentos Ltda. in Brazil. Headquartered in São Paulo, the firm was founded in 2004 and offers a global solution platform to clients with complete independence from financial institutions. It develops, exclusively, financial, real estate and corporate solutions for individuals, companies and the institutional market.

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.

Genial Institucional CCTVM SA is the broker/dealer subsidiary of Genial Investimentos Corretora de Valores Mobiliários SA, ultimately held by Holding Plural SA in Brazil. Headquartered in São Paulo, the firm offers a full spectrum of brokerage services for institutional investors, companies and individuals.

Part of Banco BTG Pactual SA, Pacifico Gestão de Recursos Ltda. The company is based in Rio de Janeiro, Brazil. is a Brazilian company that combines high performance with capital preservation and defends long-term conscious profitability. The company is an independent manager with an absolute focus on stock investment management, multimarket, and private credit, seeking value generation with security and high criteria. Pacifico Gestão de Recursos was founded in 2011 by Daniel Corrêa Vairo, Eduardo de Carvalho Moreira, Felipe Padua, Leonardo Rufino de Souza, Paulo Abreu, and Bruno Dale Cabral de Menezes. Daniel Corrêa Vairo has been the CEO since 2011.

Part of Loyall Partners Ltda., Loyall Investimentos Ltda. The company is based in São Paulo, Brazil. provides investment advice. The Brazilian company was founded in 2009 by Marcos Hatushikano.

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.

Modulo Capital Gestao de Recursos Ltda. The private company is based in Brazil, specifically in Leblon, and has subsidiaries in the country. is a Brazilian company that provides investment management services. The information on their website is purely informative and not intended as investment advice. The company was founded in 2013 by Ricardo Schenker Wajnberg.

Banco BTG Pactual SA (Investment Management) (BTG Pactual-IM) is the investment management division of Banco BTG Pactual SA (BVMF: BPAC11), an investment bank headquartered in Sao Paulo, Brazil. Founded in 2009, BTG Pactual-IM provides asset management services through investment funds and managed portfolios. They invest on behalf of institutional investors, such as pension funds, corporations, insurance companies, financial intermediaries, governments, and high-net-worth individuals and family offices.

BullMark Financial Group provides investment advice services. Its services include investments, wealth management, structured products, insurance, pension, mergers, acquisitions, venture capital, and foreign exchange. The company was founded in 2008 and is headquartered in São Paulo, Brazil.

Garde Asset Management Gestão de Recursos Ltda. is a multi-strategy independent resource management company based in São Paulo, Brazil. Garde Asset Management specializes in managing social security funds and offers a diversified basis of partners, institutional clients, and investors. The company's management is based on the concept of multi-strategy, with members specialized in each investment segment, acting in the Brazilian and international interests of interest, currencies, actions, and commodities, combining traditional management and systematic management. Part of GCP Holding Ltda., Garde Asset Management is a fiduciary company that offers fixed income, multimarket, and stock investment funds. The company was founded in 2013, and Marcelo Giufrida has been the CEO of the company since then.

Hemisfério Sul Investimentos SA (Investment Management) (HSI-IM) is the asset management division of Hemisfério Sul Investimentos SA, which is ultimately held by Amper SA (BME: AMP). The firm is headquartered in São Paulo and was founded in 1999. HSI-IM provides investment advisory and management services across the country.

Terra Investimentos Distribuidora de Titulos e Valores offers investment products for those who wish to invest and have an appetite for risk in the face of the possibility of more significant gains. The private company is based in Itaim Bibi, Brazil. The Brazilian company guarantees that customers will operate with prices that are equal to or better than their order through RLP. The company encourages customers to invest in themselves and rely on Terra Investimentos to achieve their goals.

Legacy Capital Gestora de Recursos Ltda. The private company is based in São Paulo, Brazil. Legacy Capital is formed by professionals with a long history of working together and great experience in asset management. is a Brazilian independent asset management company founded in 2017.

ASA Asset Gestão em Investimentos Ltda. (ASA Investments) is an asset management firm headquartered in Sao Paulo, Brazil. The firm was founded in 2018 and is a subsidiary of Asa 1 Holding Nao Financeira Ltda., which is owned by Alberto J. Safra Holding Ltda. ASA Investments develops investment products for various types of clients.

Asset1 Investimentos Ltda. The private company is based in São Paulo, Brazil. The Brazilian company aims to generate surplus returns consistent with its customers. is an investment company founded by professionals with over 20 years of experience in the asset management market. The company was founded in 2019 by Marcelo de Lima Fatio and Marcello Siniscalchi.

Banco Santander Brasil SA (Private Banking) (Santander Brasil-PB) is the private banking division of Banco Santander Brasil SA (BVMF: SANB11; NYSE: BSBR), an international bank headquartered in Sao Paulo, Brazil. Santander Brasil-PB was founded in 1985 and offers clients with a variety of banking and investment solutions.

Mantaro Capital Ltda. is a private company founded in 2021 that is based in Leblon, Rio de Janeiro, Brazil. The Brazilian company's website is currently under construction, but they can be reached by phone at +55 21 2042-3328 or by email at contato @ marocapital.com.br.

Part of The Goldman Sachs Group, Inc., Goldman Sachs do Brasil CTVM SA is a financial company based in São Paulo, Brazil. In 1995, the Brazilian company established its mergers and acquisitions advisory business in Brazil. The São Paulo office offers a diverse portfolio of products and services, providing clients with access to local experts and the worldwide reach of Goldman Sachs. The company is committed to helping the communities where they work and live, and to supporting a work environment that reflects the diversity of the communities where they operate. The company was founded in 1869 and has offices in major financial centers worldwide. Maria Silvia Bastos Marques has been the CEO of the company since 2018.

Haitong Securities (UK) Ltd. (Haitong Securities UK) is the Great Britain-based brokerage subsidiary of Espirito Santo Investment Holding Ltd., ultimately held by Haitong Securities Co., Ltd. (SH: 600837, ADR: HAITY) in China. Formerly known as Execution Noble Ltd., the firm was established in 2001. They were acquired by Banco Espirito Santo de Investimento SA in 2010 and changed their name to Haitong Securities (UK) Ltd. in 2015. Headquartered in London, Haitong Securities provides access to an international production and distribution platform of equities, derivatives, fixed-income and research for corporate and institutional investors.

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.