17th VIB Congress

September 10, 2024 from 7:40 am to 6:00 pm BRT Schedule
The event will be held at the Blue Tree Premium Faria Lima hotel (Sao Paulo) and also transmitted via Zoom(live only; event schedule and registration information can be found in the Portuguese page linked above, to the right)

Speakers

Adriano Almeida
VII Capital Management (Stamford, Connecticut)
Lecture: “Swarm Intelligence”
Portfolio Manager and a founding partner of VII Capital Management (formerly called Victori Capital). His professional investing career spans nearly two decades and includes senior roles at the Dreyfus Corporation, Dalton Greiner Hartman Maher, Louis Dreyfus Highbridge, and Cramer Rosenthal McGlynn. Adriano Almeida received a B.S. and M.S. in Aerospace Engineering from Embry Riddle Aeronautical University, and an MBA from Columbia University.
Bruno Coutinho
Mar Asset Management (Rio de Janeiro)
Opening Lecture: “The Investment Landscape After an Unprecedented Series of Monetary and Fiscal Shocks”
CEO and macro portfolio manager at Mar Asset. With 21 years of professional experience, Bruno Coutinho was a partner with BTG Pactual for nine years and the Latin America Head of Fixed Income at BTG Asset Management, having lived in Mexico City, New York, Sao Paulo and Buenos Aires.
Christian Bojlesen
Bojlesen Capital (Sao Paulo)
Panel: “Investment Picks” (Moderator)
Analyst and portfolio manager of the Bojlesen FIA — whose strategy, since 2008 (initially as the Clube de Investimentos Bojlesen), focuses 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 Norgren
Algarve Capital (Sao Paulo)
Lecture: “Investing in Legal Claims — Overview and Challenges”
Founding partner with Algarve Capital, an independent investment manager focusing on Brazilian legal claims. David Norgren holds a Juris Doctor and a Master of Laws degree from Faculdade de Direito da Universidade de São Paulo and a master’s degree from ENA - École Nationale d'Administration.
Guilherme de Morais Vicente
Onyx Equity Management (Sao Paulo)
Lecture: “Common Mistakes — of Omission and Commission — in Value Investing”
Guilherme de Morais Vicente a partner at Onyx Equity Management. He graduated in Business Administration from Fundação Getulio Vargas (EAESP) in 2002 and holds the CFA — Chartered Financial Analyst — designation.
Gustavo Akamine
Constância Investimentos (Sao Paulo)
Panel: “Investment Picks”
Partner with Constância Investimentos since 2011 and portfolio manager of its Alpha, Arbitrage, and Relative Value strategies. Gustavo Akamine graduated in Business Administration from Insper.
Heloisa Cruz
Stoxos (Sao Paulo)
Panel: “Investment Picks”
Portfolio manager and analyst with Stoxos FIA, which originated as a Clube de Investimentos she founded in 2014. Formerly, she was co-portfolio manager at Nest Investimentos (2014), buy-side analyst at Guepardo Investimentos (from 2012 to 2013), Itaú Unibanco (from 2011 to 2012), BRL Capital (from 2010 to 2011), and J.P. Morgan (from 2008 to 2010), and sell-side analyst at Banco Fator (from 2007 to 2008). Heloísa Cruz started her career at Monitor Group, a strategy consulting firm managed, among others, by Michael Porter and Tom Copeland. She graduated in Chemical Engineering from USP’s Escola Politécnica, holds the CFA (Chartered Financial Analyst) designation and, through Stoxos Desenvolvimento, teaches Equity Investing, Fundamental Analysis, and Valuation.
Henrique Teixeira Alvares
NEO Investimentos (Sao Paulo)
Lecture: “The Traps in Fundamental Analysis and in Long-Term View”
Founding partner with NEO Investimentos, Henrique Alvares has more than 30 years of professional experience in Brazilian capital markets. Before NEO, he worked at Citibank, LAFIS, Banco Patrimônio, Chase Manhattan, and JP Morgan, and has been a member of the Board of Directors of public and private companies and of ANBIMA’s Board of Regulation and Best Practices for Investment Funds. He graduated in Economics from the Faculdade de Economia e Administração at Universidade de São Paulo, USP.
Michael Howell
CrossBorder Capital (London)
Virtual Lecture (recorded for the event): “Global Liquidity Update”
Michael Howell is CEO of CrossBorder Capital, a London-based FCA registered, independent research and investment company that he founded in 1996. The firm provides asset allocation and capital markets advice to institutional investors, and manages US$ 1 billion of assets. Michael is involved with educational charities and currently advises a major educational foundation on its investment strategy. He has also advised the World Bank on capital flows, co-authoring their publication Opportunities in Emerging Markets (World Bank, 1995), served as board director of a listed Japanese investment trust and recently authored the book Capital Wars (Macmillan, 2020). Previously he was Head of Research for Baring Securities and board member, where he focussed on Emerging Markets, and Research Director of Salomon Brothers. Before entering finance, Michael worked as Group Economist for Blue Circle Industries. He holds a Phd. in Financial Economics from London University, specialising in Fixed Income, and is a SEC-qualified US Supervisory Analyst.
Rafael Cota Maciel
Inter Asset (Belo Horizonte)
Panel: “Investment Picks”
Portfolio manager with Inter Asset, in charge of strategy and management of its equity funds. Rafael Cota Maciel has 20 years of professional experience, 14 of them in financial markets. From 2015 t0 2020, he was portfolio manager with AF Invest (Araújo Fontes), in charge of strategy and management of its equity funds (including exposure to US equities, via BDRs). From 2011 to 2015, he worked at Impacto Investimentos, where he was co-responsible for equity fund management (including exposure to US equities, via BDRs). He was President of APIMEC-MG (2019/2020 and 2021/2022). Rafael Cota Maciel graduated in Communications (Bachelor’s Degree in Advertising) from UNI-BH, has an MBA in Finance from IBMEC-MG and a postgraduate degree in Capital Markets and Derivatives from PUC-MG. Between 2012 and 2017, he taught Capital Markets, with an emphasis in Value Investing, at Centro Universitário UNA.
Rodrigo Glatt
GTI Administração de Recursos (Sao Paulo)
Panel: “Investment Picks”
Partner and cofounder with GTI Administração de Recursos. Formerly, Rodrigo Glatt was a member of the research teams of ABM AMRO Asset Management, from 2007 to 2008, of Itaú Corretora, from 2002 to 2003, and of Banco Bozano Simonsen, from 1997 to 1998. He has also been Business Intelligence Consultant to Oi (formerly, Brasil Telecom), from 2004 to 2005, portfolio manager of Clube de Investimentos Omaha, from 2005 to 2008, and Strategic Planning and Financial Analyst at TIM Brasil, from 1999 to 2002. Rodrigo Glatt graduated in Business Administration from FGV-SP.
Vitor Senra
Brio Investimentos (Sao Paulo)
Lecture: “Real Estate Capital Markets”
Vitor Senra é um dos sócio-fundadores da Brio Investimentos e membro de seus Comitês de Investimento. Em 2010, juntamente com Rodolfo Senra, trouxe para o Brasil a Starwood Capital Group (gestora americana que administrava aproximadamente US$ 20 bilhões em ativos imobiliários), criando a joint venture Starwood Capital do Brasil, que, entre outros investimentos, foi responsável pelo aporte de US$ 150 milhões na MRV Log Commercial Properties (atualmente Log Commercial Properties). Foi gestor da GTIS Partners, empresa norte-americana de gestão de fundos de real estate private equity, e trabalhou no Banco Santander como banker do setor de imobiliário. É graduado em Engenharia Civil pela Universidade Mackenzie e possui MBA pela Columbia Business School.
Werner Roger
Trigono Capital (Sao Paulo)
Lecture: “Tupy: The Perfect Combustion of Quality and Value Investing”
Founding partner — with Frederico Mesnik — and Chief Investor Officer of Trigono Capital, an investment manager focusing on Brazilian small caps: companies with a market value below R$ 10 billion. An authority in the Brazilian small-cap market, Werner Roger was responsible for this strategy (reaching almost one billion dollars in AUM) at Victoire Brasil Investimentos, investment management firm of which he was a founding partner. His career includes 26 years in asset management (nine of them with Victoire), four years in sell-side research, and a total of 39 years in financial markets (encompassing his experience in credit, M&A, proprietary equity, and structured transactions), with professional roles in leading global organizations such as Chase Manhattan Bank, Citibank, and Western Asset Management (Legg Mason). Werner Roger graduated in Agronomic Engineering from Universidade Estadual Paulista (Unesp) and holds the Gestor CVM, PDC Fundação Dom Cabral, ANBIMA’s CPA-20, and ANBIMA’s CGA certifications.
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