About Us
2009
Founded in
$24Bi
in assets under management
130+
Profissionais
SÃO PAULO
RIO DE JANEIRO
we combine experience, governance, and innovation to offer sophisticated, long-term solutions to our investors.
We founded Kapitalo in 2009 with a decentralized, multi-manager, and multi-strategy model. Our flagship 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.
We are structured around independent management teams, each entrusted with a specific investment mandate, whose strategic collaboration defines the composition of our funds.
We offer funds across multiple classes: multi-manager hedge funds, traditional hedge funds, long-only equities, and event-driven strategies, both in traditional and pension segments.
The alignment of interests between partners and investors is one of Kapitalo’s core pillars. Over 50 partners reinvest all their dividends into a closed-end fund that mirrors the flagship Zeta strategy, reinforcing our long-term commitment.
Our governance is structured to ensure transparency and meritocracy. Internal rules define equity participation, profit distribution, and compensation, always based on individual performance and contribution.
Risk management is also one of our key strengths. We rely on an independent team, led by one of the founding partners not involved in investment management, dedicated to continuously monitoring portfolio exposure and ensuring risk limits are respected. If any parameters are breached, automatic control mechanisms are triggered to protect our investors’ capital.
Competition with collaboration
While internal competition exists, it is balanced by collaboration — because we all share the same goal: to generate sustainable value for our investors. We know that debate, discussion, and questioning are key to building outstanding portfolios.
Autonomy with accountability
Each portfolio manager has the freedom to make decisions within well-defined parameters. This decentralized model allows for agility and specialization, ensuring a dynamic and efficient investment process.
Patience without leniency
Kapitalo is built to generate returns in a recurring and balanced way, prioritizing consistency and long-term sustainability. We assess managers’ performance over extended horizons, ensuring they can make thoughtful decisions without pressure for immediate returns. Capital allocation is defined based on historical performance and reviewed semiannually, using medium-term risk-adjusted return as a guide.