Kapitalo - Gestão de Investimentos

We are Kapitalo Investimentos, an independent asset management firm specialized in hedge funds and equities strategies.

We founded Kapitalo in 2009 with a decentralized, multi-manager, and multi-strategy model. Our flagship multi-manager hedge funds, Kappa and Zeta, were built by independent management teams composed of experienced professionals who have the autonomy to develop and manage their own investment strategies.

As our management model matured, we launched new funds with more traditional structures, such as Kapitalo K10, a single-manager hedge fund, and Kapitalo Tarkus, a long-only equity fund.

We are structured around independent management teams, each entrusted with a specific investment mandate,
whose strategic collaboration defines the composition of our funds.

KAPITALO ABOUT US

Explore our funds

Event Driven

NW3 Plus

Focused on mergers and acquisitions, this fund invests in listed companies involved in corporate events (“event arbitrage”), seeking to capture the spread between market price and offer price.

Multi-Manager Hedge Funds

Zeta

Zeta is Kapitalo’s flagship strategy. Managed by all of the firm’s investment teams, the fund invests in fixed income, currencies, equities, and commodities across both local and international markets. It targets an annual volatility of 12%.

Kappa

Alongside Zeta, Kappa is one of Kapitalo’s flagship strategies, managed by all investment teams. The fund invests in fixed income, currencies, equities, and commodities, both in local and international markets, and targets an annual volatility of 7%.

Alpha Global

Focused mainly on international markets, the fund includes most of our investment teams and targets an annual volatility of 10%, with global exposure and investments denominated in BRL and indexed to the CDI.

Zeta Meridia

Mirrors the Zeta strategy but with equity fund taxation rules. Managed by all Kapitalo teams, it targets 12% annual volatility, with a focus on equities, commodities, interest rates, and currencies.

Traditional Hedge Funds

K10

K10 is managed by a single investment team and focuses on global macro themes. The strategy primarily operates in equity, commodity, interest rate, and currency markets, with a target annual volatility between 6% and 8%.

Long-Only Equity Funds

Tarkus

Managed by two Brazilian equity teams, the fund seeks to outperform the Ibovespa over the medium term. It may hold 70% to 130% of its NAV in equities and derivatives, and up to 30% in short positions, maintaining a net equity exposure above 70%. We aim to operate Tarkus with a tracking error of around 10% relative to the Ibovespa over time.

Tarkus Institutional

Designed for Brazilian pension funds and public-sector retirement systems, this version mirrors Tarkus’ strategy while complying with applicable regulatory constraints. It invests 70% to 100% in equities and derivatives, and may hold short positions, maintaining a net equity exposure above 70%.

Pension Funds

Kappa Previdência

It is the pension version of Kappa. Managed by all Kapitalo teams, it invests in fixed income, currencies, equities, and commodities locally and globally, targeting 7% annual volatility.

K10 Previdência

The pension version of K10. Managed by the same team, it targets 6% to 8% annual volatility and focuses on global macro themes through equities, commodities, interest rates, and currencies.

Zeta Previdência

It is the pension version of Zeta. Also managed by all teams, it mirrors the traditional Zeta strategy, targeting 12% annual volatility across fixed income, currencies, equities, and commodities.

YOUR FUTURE,
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