It is recommended for investors seeking attractive absolute returns over a minimum 5-year investment horizon and are therefore willing to accept fluctuations in the short and medium term. Since the fund was created in February 1993, it has had a cumulative net return of 12,007% in dollars, corresponding to an annualized net return of 23% in dollars. Over the past five years it has accumulated a net return of 100% in Brazilian reais.
Typically, the fund maintains a net long exposure. It is recommended for investors seeking returns substantially above the Brazilian risk-free rate (CDI), have a 3-year minimum investment horizon and are therefore willing to accept fluctuations in the short and medium term. Since the fund began in April 2006 it has produced a cumulative net return of 153% of the CDI. Over the past three years it has accumulated a net return of 52% in Brazilian reais, equivalent to 119% of the CDI.
It is recommended for Brazilian Institutional Investors who seek attractive absolute returns over a minimum 5-year investment horizon and are therefore willing to accept fluctuations in the short and medium term.