We developed a differentiated investment process focused on the Equity Market, with discipline of value and the understanding of economic cicle context.
We structured a strong team with high complementarity, pragmatic and independent thinking.
We are a partnership were all members are and think as partners.
Executive CommitteeGustavo Constantino, Marcelo Bahia, Igor Rezende,
Gustavo Constantino | Portfolio Manager
Partner and portfolio manager of Távola Absoluto at Távola Capital. Started his career as equities analyst at Banco BBM in 2001. In 2005, he became one of the equities managers for the bank's proprietary desk. In 2009, he joined GAP Asset Management to be one of the portfolio managers of GAP Long Short, GAP FIA and equities investments for the hedge funds. In 2011, joined SPX Capital in its foundation as a partner and portfolio manager responsible for equities on the hedge funds. In 2014 he became a partner and Management Director at Fides Asset Management. Graduated in Mechanical Production Engineering at PUC-Rio and Post graduate in Finance at FGV-RJ. He has ANBIMA Managers Certification (CGA).
Marcelo Bahia | Head of Analysis
Partner and head of analysis team at Távola Capital. He started his career as equities analyst at Opportunity Asset Management in 2004. In 2007, he joined Pollux Capital as a member of the investment team and senior analyst since the beginning of the equities area in Brazil, becoming a partner at the company in January 2012. In 2018 he became a partner at Fides Asset Management and Head of Analysis team. He studied Economics at PUC-RJ and graduated at Harvard Business School (Program For Leadership Development).
Hércules Carvalho | Back Office Analyst
Partner, member of Risk and Compliance and Back-Office area at Távola Capital. He started his career in 2005 in the Back-Office area of SDA Gestão de Recursos. Joined Fides Asset Management in 2007, responsible for the Back-Office and support for the management team. Graduated in Business Administration at PUC-Rio and Civil Engineering at UNESA. Has CPA-20 certification from ANBIMA.
Conrado Garcia | International Macroeconomics
Partner and responsible for the international macroeconomics area at Távola Capital. He started his career at Banco BBM, at Market Risk area, and then, as a fixed income trader. He also worked in others Financial Institutions at Trading area. From 2010 to 2016, worked with Development and Real State management. In 2014, started his Masters in Macroeconomics and Finance, and in 2016 started his PhD in Economics at PUC-Rio. He became a partner at Távola Capital in 2020.
Igor Rezende | Investor Relations
Partner and responsible for Investor Relations at Távola Capital. Started his career in the financial markets in 2015 as analyst at Banco BTG Pactual. In 2016 Igor Rezende joined XP Inc. as partner in charge of the relationship with local fund managers. Graduated in Industrial Engineerig at Universidade Federal Fluminense.
Alexia Leite | Investor Relations
Partner and member of Middle Office and Investor Relations area at Távola Capital. Started her career in 2019 as an intern in the Middle Office and Investor Relations area at Távola Capital. Became a partner at Távola Capital in July 2021. Graduated in Economics at PUC-Rio.
Alexandre Cavalcanti | Trader
Partner and responsible for trading at Távola Capital. Started his career in 2007 at Banco BTG Pactual. In 2011 he joined Fides Asset Management as an investor relations analyst and in 2014 migrated to the company's management team as a trader. Graduated in Business Administration from CEFET-RJ and post-graduated in Investment Management at PUC-RJ.
Lucas Suemitsu | Analyst
Partner and member of analysis area at Távola Capital. He started his career in 2005 at BHP Billiton in the operational and financial area. In 2008 he joined BTG Pactual in the Back-Office area and later migrated to the Bank's Research area as a sell-side analyst. He participated in several IPO’s processes and was part of the team awarded by the renowned Institutional Investor magazine. In 2012, joined Opus Investimentos as an equities analyst and later, in 2015 he went to Vinci Partners. He joined Fides Asset Management in 2017. Graduated in Production Engineering at UFRJ and has an Executive MBA at COPPEAD / UFRJ.
Daniel Rocha, CFA | Analyst
Partner and member of analysis area at Távola Capital. He started his career as an equities analyst at XP Gestão de Recursos in 2012. In 2015 he joined Fides Asset Management as a partner and analyst. In 2018 he started the MBA program at NYU Stern School of Business. In 2020 he returned to Távola Capital, performing the same functions. Graduated in Production Engineering at Universidde Federal Fluminense - UFF.
Leonardo Melo | Analyst
Partner and member of analysis area at Távola Capital. He started his career in 2018 as an intern in the equities area at Fides Asset Management. He became a partner at Távola Capital in December 2019. Graduated in Computer Engineering at Instituto Militar de Engenharia - IME.
Miguel Silbert | Analyst
Partner and member of analysis area at Távola Capital. He started his career in 2019 as an intern in the equities area at Távola Capital. He became a partner at Távola Capital in July 2021. Graduated in Economics at PUC-Rio.