Overview
A. Description
Squadra Investments – Gestão de Recursos Ltda. (“Squadra Investments”) is a Brazilian investment
management firm registered with the Comissão de Valores Mobiliários - CVM (Securities and
Exchange Commission of Brazil) (“CVM”). Squadra Investments manages private funds and separately
managed accounts. The company was founded in December 2007 and the private funds were launched
in May 2008. The principal owners are Guilherme Mexias Aché and Luiz Mauricio de Miranda e
Silva. Squadra Investments’ partners have vast experience in the equity investment business in the
Brazilian market. We are bottom-up, long-term investors, who embrace the idea of capital preservation
and acknowledge the power of compounding returns over the long run.
Our main investment objective is to deliver long-term, risk-adjusted returns above the opportunity cost
in Brazil to our investors. Our flagship fund has an equity long-biased absolute return strategy, which
is the ideal investment concept to us. This belief is based on our view that it maximizes the investment
committee potential
which has a long-standing experience (with solid track record in diverse market
environments) in managing both long/short and long only equity portfolios in Brazil.
Currently, Squadra Investments manages two strategies: long-biased and long-only (see further
disclosure under the heading “Methods of Analysis, Investment Strategies and Risk of Loss”).
B. Type of services
Squadra Investments provides discretionary services to private funds and separately managed accounts.
C. Tailoring
Squadra Investments has discretionary power on the portfolios under management, subject to the
restrictions of the offering memoranda, side letters and investment guidelines set forth within the
investment management agreement. Such investment guidelines will also set forth any investment
restrictions of the fund or account.
D. Wrap Fee
Squadra Investments currently does not participate in wrap fee programs.
E. AUM
As of December 31, 2023, Squadra Investments managed approximately USD $2,151,210,000 on a
discretionary basis.