Macro & Rates
Top-down positioning across rates, FX, sovereign credit, and thematic macro baskets.
Investment Philosophy
Our macro strategy takes a top-down, data-driven approach to positioning across interest rates, currencies, sovereign credit, and thematic macro baskets. We combine quantitative models with qualitative assessment of monetary policy, fiscal dynamics, and geopolitical developments.
The strategy is designed to generate returns uncorrelated with equity markets, providing a natural portfolio hedge during risk-off environments. Our systematic framework monitors over 40 macro indicators across developed and emerging markets to identify regime shifts before they become consensus. Current thematic positioning includes precious metals, uranium, digital assets, and select emerging market equities.
Given our deep roots in both US and Brazilian capital markets, we maintain a particular edge in the rates and FX complex connecting the two economies — SELIC vs. Fed Funds, BRL/USD dynamics, and the relative value between US Treasuries and Brazilian NTN-Bs.
Investment Characteristics
Explore Our Research
Access our research terminal for real-time data, analysis, and insights across all strategies.
Past performance is not indicative of future results. The information presented is for illustrative purposes only and does not constitute investment advice. All investments carry risk, including the potential loss of principal. Target returns and metrics are based on internal models and are not guaranteed.