Marcelo Aguiar

Portfolio Manager-Equities at

Leblon Equities Gestão de Recursos Ltda.

Finance

Consumer Services

Profile

Marcelo Aguiar currently works at Leblon Equities Gestão de Recursos Ltda., as Partner & Co-Fund Manager from 2016 and Leblon Equities Gestão de Recursos Ltda.
(Private Equity), as Partner from 2016.
Mr. Aguiar also formerly worked at Goldman Sachs do Brasil CTVM SA, as Analyst & Vice President from 2012 to 2015 and Merrill Lynch SA CVTM, as Analyst in 2007.
Mr. Aguiar received his graduate degree in 1995 from Pontifícia Universidade Católica do Rio de Janeiro and graduate degree in 1998 from Getulio Vargas Foundation.

Marcelo Aguiar active positions

Companies	Position	Start
Leblon Equities Gestão de Recursos Ltda. Leblon Equities Gestão de Recursos Ltda. Investment ManagersFinance Leblon Equities is an active manager which aims to preserve capital by adopting a long-term, value oriented investment philosophy based solely on bottom-up, fundamental research. They are very technical and tend to be close to company management and their controlling shareholders. The firm bases their investment process on knowledge, judgment, risk management, discipline and patience and believes that they need a deep understanding of sector dynamics, companies and people involved to find the best opportunities. They make all investment decisions based on their in-house research, mainly DPS models. They sell positions whenever they reach their target price and invest in options and indexes, using indexes as a hedge. Leblon Equities tries to be very conservative in their assumptions when constructing their portfolio, and aim to extract the relative value of their equity hedge fund. For their long-only book, they invest on a 12-24 month horizon. In their short book, they go short on stories they find expensive, preferring to hold cash. Their third strategy is an arbitrage book (mainly pair trades) where they may trade two different companies within the same factor, such as a holding against a subsidiary, or arbitrage between common shares and non-voting shares.	Portfolio Manager-Equities	01/01/2016
Leblon Equities Gestão de Recursos Ltda. (Private Equity) Leblon Equities Gestão de Recursos Ltda. (Private Equity) Investment ManagersFinance Leblon Equities invests in private and public companies located in Brazil. The firm targets companies operating in a broad range of sectors and industries. It provides financing for buyout stage capital requirements.	Private Equity Investor	01/06/2016

All active positions of Marcelo Aguiar

Former positions of Marcelo Aguiar

Companies	Position	End
Goldman Sachs do Brasil CTVM SA Goldman Sachs do Brasil CTVM SA Investment Banks/BrokersFinance Provides brokerage services	Director of Research - Equity	01/05/2015
Merrill Lynch SA CVTM Merrill Lynch SA CVTM Investment Banks/BrokersFinance Provides brokerage services	Analyst-Equity	19/06/2007

See the detail of Marcelo Aguiar's experience

Training of Marcelo Aguiar

Experiences
Positions held

Active

Inactive

Listed companies

Private companies

See the detail of Marcelo Aguiar's experience

Connections

1st degree connections

1st degree companies

Male

Female

Members of the board

Executives

See the personal network

Linked companies

Private companies	6
Pontifícia Universidade Católica do Rio de Janeiro Pontifícia Universidade Católica do Rio de Janeiro Other Consumer ServicesConsumer Services Functions as a College/University	Consumer Services
Getulio Vargas Foundation Getulio Vargas Foundation Other Consumer ServicesConsumer Services Functions as a College/University	Consumer Services
Goldman Sachs do Brasil CTVM SA Goldman Sachs do Brasil CTVM SA Investment Banks/BrokersFinance Provides brokerage services	Finance
Merrill Lynch SA CVTM Merrill Lynch SA CVTM Investment Banks/BrokersFinance Provides brokerage services	Finance
Leblon Equities Gestão de Recursos Ltda. Leblon Equities Gestão de Recursos Ltda. Investment ManagersFinance Leblon Equities is an active manager which aims to preserve capital by adopting a long-term, value oriented investment philosophy based solely on bottom-up, fundamental research. They are very technical and tend to be close to company management and their controlling shareholders. The firm bases their investment process on knowledge, judgment, risk management, discipline and patience and believes that they need a deep understanding of sector dynamics, companies and people involved to find the best opportunities. They make all investment decisions based on their in-house research, mainly DPS models. They sell positions whenever they reach their target price and invest in options and indexes, using indexes as a hedge. Leblon Equities tries to be very conservative in their assumptions when constructing their portfolio, and aim to extract the relative value of their equity hedge fund. For their long-only book, they invest on a 12-24 month horizon. In their short book, they go short on stories they find expensive, preferring to hold cash. Their third strategy is an arbitrage book (mainly pair trades) where they may trade two different companies within the same factor, such as a holding against a subsidiary, or arbitrage between common shares and non-voting shares.	Finance
Leblon Equities Gestão de Recursos Ltda. (Private Equity) Leblon Equities Gestão de Recursos Ltda. (Private Equity) Investment ManagersFinance Leblon Equities invests in private and public companies located in Brazil. The firm targets companies operating in a broad range of sectors and industries. It provides financing for buyout stage capital requirements.	Finance