Congresso Value Investing Brasil 2019

MAY 7, 2019



André Gordon — GTI Administração de Recursos (São Paulo)
Lecture: “Pension Reform: The Inflection Point of the Brazilian Stock Market”
Founding partner with GTI Administração de Recursos, an independent investment management company focusing on Brazil’s stock market. During his more than 26 years of experience in financial markets, André Gordon has worked at the trading desks of several renowned financial institutions, including Banco Itaú BBA, Banco Pátria, Santander and Banco Bozano, Simonsen. He is a Director of AMEC (Associação de Investidores no Mercado de Capitais) and holds a master’s degree in Economics from EPGE/FGV-RJ and an Economics degree from FEA/USP.

Artur Wichmann — Verde Asset Management (São Paulo)
Opening Lecture: “Platforms, A New Business Model?”
Artur Wichmann is manager of the global strategy of Verde Asset Management. Before joining CSHG (now Verde Asset Management), he worked for 10 years at UBS Global Asset Management (in Rio de Janeiro, Zurich and Toronto). Formerly, he was portfolio manager at Pactual Asset Management. Artur Wichmann started his career in 1994, as an analyst, at Banco Icatu S.A. He graduated in Economics and holds a postgraduate degree in Finance from PUC-RJ.

Breno Guerbatin — Studio Investimentos (Rio de Janeiro)
Lecture: “Big Banks versus Fintechs”
Member of Studio Investimentos’ Investment Committee and co-portfolio manager of Studio FIC FIA, which returned 212.4% since its inception, at the end of 2009 (until the end of April 2019), contrasting with a gain for the Ibovespa Index of 41.9% during the same period. In 2009, Breno Guerbatin was a manager with TV Globo. From 2008 to 2009, he was an equity analyst and a member of the Managing Committee of BNY Mellon ARX. From 2005 to 2008, he was a partner and the Investment Officer of Brazil Energy, a private-equity boutique focused on energy and infrastructure. From 2002 to 2005, he was an investment analyst and a fund manager at Opportunity Asset Management. Breno Guerbatin graduated in Production Engineering from UFRJ and has a postgraduate Degree in Corporate Law from FGV-RJ.

Christian Bojlesen — Clube de Investimentos Bojlesen (São Paulo)
Panel: “Investment Picks” (Moderator)
Analyst and portfolio manager with Clube de Investimentos Bojlesen — focusing on fundamental analysis, value investing and small caps — which he founded in 2008. Christian Bojlesen graduated in Business Administration with emphasis in Finance from Colorado State University and holds the CGA (ANBIMA) and CNPI (Apimec) certifications.

David J. Meneret — Mill Hill Capital (New York)
Lecture: “Building A Convex Credit Relative Value Portfolio”
Founder, Chief Executive Officer, and Chief Investment Officer of Mill Hill Capital, an investment adviser founded in 2015 that focuses on credit relative value investment strategies related to CLOs, Transportation and ABS, RMBS, CMBS, Financials, and IG/HY/CMBX/iTraxx Indices, utilizing unique, proprietary cash flow models — personally developed by Mr. Meneret — for portfolio construction, portfolio management, and risk management. Prior to Mill Hill, Mr. Meneret was a Senior Managing Director and Senior Portfolio Manager in charge of Securitized Debt and Corporate Financials Trading at Macquarie’s Credit Nexus Fund from 2012 to 2015, and at Macquarie’s Credit Principal Trading division from 2008 to 2012. From 2006 to 2008, Mr. Meneret was a senior trader and co-PM on the Structured Products Proprietary Trading Desk at UBS New York, managing the ABS CDO, CLO, and Aircraft ABS trading books and, notably, being involved in the acquisition of the ABS CDO/CLO cash and synthetic portfolios due to the reconsolidation of Dillon Read’s positions. From 2002 to 2006, Mr. Meneret structured Aircraft and Esoteric ABS for Credit Lyonnais Americas and Credit Agricole/Calyon Americas, having participated in structuring three large aircraft leasing portfolios and, most notably, having structured the first ever engine-backed Enhanced Equipment Trust Certificate. Mr. Meneret holds a M.S. in Financial Engineering from Columbia University and a M.S. in Industrial Engineering from Ecole Centrale Paris, France.

Francisco Lara Resende — VELT Partners (São Paulo)
Panel: “Investment Picks”
Francisco Lara Resende is a partner, managing director, and member of the investment team with VELT Partners since 2013, responsible for (among others) the Energy, Oil and Gas, and Food and Beverage Sectors. He is also responsible for developing VELT Labs, VELT’s technology arm. Formerly, he worked for one year at Itaú Asset Management’s Latam fund. Francisco Lara Resende graduated in Economics from Insper.

Heloísa Cruz — Stoxos Clube de Investimentos (São Paulo)
Panel: “Investment Picks”
Responsible for portfolio management and investment analysis at Stoxos Clube de Investimentos, which she founded in 2014. Formerly, Heloísa Cruz was co-portfolio manager at Nest Investimentos (2014), a buy-side analyst at Guepardo Investimentos (2012 ands 2013), Itaú Unibanco (from 2011 to 2012), BRL Capital (from 2010 to 2011) and J.P. Morgan (from 2008 to 2010), and a sell-side analyst at Banco Fator (from 2007 to 2008). She started her career at Monitor Group, a stragetic consulting firm ran, among others, by Michael Porter and Tom Copeland. Heloísa Cruz graduated in Chemical Engineering from POLI-USP, holds the CFA (Chartered Financial Analyst) designation, and, through Stoxos Desenvolvimento, teaches on the subjects of Stock Investing, Fundamental Analysis, and Valuation.

Luiz Fernando Alves — Versa Gestora de Recursos (São Paulo)
Lecture: “Short Selling in Brazil”
Founder and CIO of Versa Gestão de Recursos, Luiz Fernando Alves has 14 years of professional experience, predominantly as portfolio manager of broad-mandate funds [“fundos multimercados”] at Itaú Asset Management. In 2013, he joined GTI Administração de Recursos, where he launched the Versa Long-biased fund, which later on spun-off as a separate investment management operation. Luiz Fernando Alves graduated in Production Engineering from PUC-RJ and holds a Masters Degree in Economics and Finance from Fundação Getulio Vargas-SP.

Rodolfo Martell — AQR Capital Management (New York)
Closing Lecture: “Investment Managers Who Made History: A Systematic Perspective”
Closing Lecture, Exclusive to Professional Investors
Rodolfo Martell is Managing Director on the strategy team within AQR’s Global Stock Selection group, where he conducts research on equity markets and portfolio attribution. In this role, he is responsible for communicating investment strategy and performance to a wide range of investors globally based on a deep understanding of GSS product offerings and capabilities. Prior to AQR, Rodolfo Martell was a Managing Director and portfolio manager with Quantitative Management Associates. Prior to this, he was a Director and portfolio manager with BlackRock, a Principal with Barclays Global Investors, and an Assistant Professor of Finance at Purdue University. His research has been published in top academic journals, including American Economic Review and Review of Finance. Rodolfo Martell earned a B.A. in Economics from Universidad de las Americas-Puebla, an M.A. in Economics and Ph.D. in Finance from The Ohio State University.

Sergio Fontana dos Reis — Set Investimentos (São Paulo)
Panel: “Investment Picks”
Founding-partner with Set Investimentos, portfolio manager registered with the Comissão de Valores Mobiliários (CVM), and fundamentalist investor for more than 20 years. Sergio Fontana dos Reis was in the Board of Directors of Sadia for 15 years. He was CIO and President of Fundação Attílio Fontana, a Brazilian pension fund. He graduated in Architecture and Urbanism from Universidade de São Paulo.

Thomas de Mello e Souza — Investment One Partners (São Paulo)
Panel: “Investment Picks”
Portfolio manager of Investment One Partners’s Atlas One FIC FIA. Formerly, he was a Managing Director with J.P. Morgan Asset Management. Between 2011 and 2016, he was senior equity manager and director of investments at Gávea Investimentos. In 2008, he founded AguasClaras Investimentos, an investment management firm focused on Brazilian equities (2008-2011). He was executive director responsible for managing equities and strategic investments at JSI Investimentos, Mr. Joseph Safra’s family office (2004-2007). Formerly, he was a director of Merrill Lynch in Brazil (1994-2004), responsible for the sell-side department, and a senior analyst of the mining, steel, and pulp and paper industries. Several times he was ranked among the best analysts by Institutional Investor and Latin Finance magazines. He graduated in Economics from Clark University, Massachusetts.

The Congresso Value Investing Brasil 2019 will have real-time Portuguese-to-English translators only during the afternoon. If you do not speak Portuguese and are interested in attending the event part-time, please contact us. To be notified of other future Value Investing Brasil events that will have Portuguese-to-English translation, please send us your information through the form below (if you can understand lectures in Portuguese, please fill in equivalent forms in Portuguese pages of this website):

(Optional) Alternative e-mail:
(Optional) Country you are in:
(Optional) City you are in:
(Optional) Phone number:

Contact Us | © Value Investing Brasil C. T. Ltda.

Todo o material e conteúdo divulgados neste website e nos eventos realizados pela Value Investing Brasil C. T. Ltda. têm natureza meramente informativa (com objetivo de educar a comunidade brasileira de investidores com foco em valor), não deve ser considerado oferta de venda de qualquer valor mobiliário, fundo de investimento, título e/ou ativo (não constituindo o documento previsto na Instrução CVM 409 e alterações seguintes nem o prospecto previsto no Código ANBIMA de Regulação e Melhores Práticas para os fundos de investimento) e não caracteriza qualquer atividade de consultoria de valores mobiliários por parte da Value Investing Brasil C. T. Ltda., de seus executivos e/ou de outros profissionais que tenham seu trabalho reproduzido ou que sejam citados. A Value Investing Brasil C. T. Ltda. não se responsabiliza por informações incorretas que sejam reproduzidas. Decisões de investimento tomadas com base nas informações contidas no material e conteúdo aqui descritos são de responsabilidade exclusiva do investidor. A Value Investing Brasil C. T. Ltda. não comercializa nem distribui quotas de fundos de investimento ou qualquer outro ativo financeiro. Ações e fundos (e outros valores mobiliários como derivativos etc. e outros ativos como commodities etc.) são investimentos de altíssimo risco, podem resultar em significativas perdas patrimoniais para seus investidores e seu desempenho passado não garante resultados futuros.