Mar Absoluto FIM. Sole investment strategy of Mar Asset.
Seek to achieve annual return of CDI (Brazilian Overnight Deposit Rate) + 10%,
In the medium-long run, the result should be balanced between macro and fundamentalist equities investment theses.
of the cycle
/ The accumulation of investment experience, enables us to identify investment opportunities supported by deep-dive fundamental and macro analysis.
Macro analysis approach
/ On-site experience in several countries;
/ Differentiation between signal x noise;
/ Analysis of market trend reversals;
/ The adequate investment horizon for a thesis to mature;
Private equity analysis approach for public equities
/ We focus our capital and time on our highest-conviction ideas;
/ In-depth and detailed analysis of the business model;
/ Deep knowledge on the decision makers;
/ Mapping of the management compensation policies.
/ Understanding risks and hedges in order to avoid permanent loss of capital;
/ Stress test as main risk metric;
/ Search for a superior reading on the probabilities distribution, good asymmetries and margin of safety;
/ Near-term volatility as investment opportunity;
/ Stop loss rules to protect against Black Swan events
/ A single book generates a series of advantages;
/ Analysis of the economic cycles will determine the risk appetitte;
/ Detailed monitoring of companies provides input for macro decisions;
/ Detailed macroeconomic monitoring provides a superior framework for equities investments;
/ Active allocation in different classes;
/ Capacity of neutralizing specific risks.