There are two main risks in the investment world: the risk of losing money and the risk of missing opportunity.
"You can completely avoid one or the other, or you can compromise between the two, but you can't eliminate both. One of the prominent features of investor psychology is that few people are able to (a) always balance the two risks or (b) emphasize the right one at the right time.”
Howard Marks, "Warning Flags" Investment Memo, May/2010
Howard Marks, "Warning Flags" Investment Memo, May/2010
To earn long term returns above the benchmark (CDI), investing mainly in the Brazilian equity market, being flexible to change its gross and net exposure according to the prospective scenario.
Távola Absoluto FIC FIM II
| ADMINISTRATOR | BTG Pactual Financial Services S.A DTVM |
| CUSTODIAN | BTG Pactual Bank |
| AUDITOR | Ernst & Young Independent Auditors |
| Inception Date | 31/07/2019 |
| ANBIMA CLASSIFICATION | Multimercado Livre |
| Goal | Long term absolute returns |
| Target investors | Individuals and Institutional investors |
| Management Fee | 2,00% p.y |
| Performance Fee | 20% over CDI benchmark |
| Initial Minimum investment | R$ 10.000,00 |
| Minimum balance and subsequent orders | R$ 10.000,00 and R$ 5.000,00 |
| Acquisition of quotas | Time Limit - 3pm (BRT), quota D+0 |
| Withdrawal of quotas | Time Limit – 3pm (BRT). Quota D+30 and payment of withdrawal in D+32 |
| Risk classification | Aggressive |
To earn long term returns above the benchmark (CDI), investing mainly in the Brazilian equity market, being flexible to change its gross and net exposure according to the prospective scenario.
Távola Absoluto FIC FIA II
| ADMINISTRATOR | BTG Pactual Financial Services S.A DTVM |
| CUSTODIAN | BTG Pactual Bank |
| AUDITOR | Ernst & Young Independent Auditors |
| Inception Date | 08/16/2019 |
| ANBIMA CLASSIFICATION | Multimercado Livre |
| Goal | Long term absolute returns |
| Target investors | Qualified Investors |
| Management Fee | 2,00% p.y |
| Performance Fee | 20% over CDI benchmark |
| Initial Minimum investment | R$ 30.000,00 |
| Minimum balance and subsequent orders | R$ 30.000 and R$ 10.000,00 |
| Acquisition of quotas | Time Limit - 3pm (BRT), quota D+0 |
| Withdrawal of quotas | Time Limit – 3pm (BRT). Quota D+30 and payment of withdrawal in D+32 |
| Risk classification | Aggressive |
To earn long term returns above the benchmark (CDI), investing mainly in Brazilian equity market, on long and/or short positions, either directly or through derivatives, while being able to also have a directional exposure according to the prospective scenario.
Távola Equity Hedge FIM
| ADMINISTRATOR | BTG Financial Services S.A DTVM |
| CUSTODIAN | BTG Pactual Bank |
| AUDITOR | Ernst & Young Independent Auditors |
| Inception Date | 02/05/2021 |
| ANBIMA CLASSIFICATION | Multimercado Multiestratégia |
| Goal | Returns over benchmark (CDI) |
| Target | Individuals and Institutional investors |
| Management Fee | 2,00% |
| Performance Fee | 20% over CDI benchmark (Brazil Interest Rate) |
| Initial minimum investment | R$ 5.000,00 |
| Investments | Time Limit - 3pm (BRT), quota D+0 |
| Withdrawal of quotas | Time Limit – 3pm. Quota D+15 and payment of withdrawal in D+16 |
| Risk classification | Balanced |