Encore Long Only is a directional equity fund focused on the Brazilian stock market, structured under a long-only mandate with no use of leverage or derivatives. The fund aims to capture market performance through a concentrated and active portfolio, seeking consistent returns over time via a rigorous stock selection process. Without the use of derivatives or short positions, Encore Long Only provides a straightforward and transparent solution for investors seeking exposure to Brazilian equities through an active and fundamentally grounded approach. In an environment where stock selection plays an increasingly critical role in alpha generation, we believe that a concentrated and disciplined strategy can deliver superior long-term results.

Encore Long Bias is an actively managed equity fund designed to capture upside potential in the Brazilian stock market through a disciplined investment process with robust risk management. The strategy maintains a net long exposure between 30% and 100%, providing the flexibility to navigate different market environments, preserving capital in downturns and deploying risk more assertively in favorable conditions. Derivatives are used strictly for hedging purposes, avoiding structural leverage and helping to maintain net exposure aligned with the team’s views. Risk management is a central pillar of the strategy, supported by continuous exposure monitoring, stress testing, and the integration of quantitative metrics into the investment decision process. Our objective with Encore Long Bias is straightforward: to deliver consistent returns over the medium to long term through a structure that captures asymmetric opportunities in Brazilian equities, while maintaining a prudent and high-conviction approach. In an increasingly volatile and complex market, we believe that a directional strategy backed by active risk management is essential for sustainable alpha generation within the equities space.

Encore Long & Short is a strategically structured equity fund with a beta-neutral and financially neutral profile, designed to deliver consistent, risk-adjusted returns through a disciplined and diversified approach. We believe that the Brazilian market presents a wealth of inefficiencies, which can be systematically exploited using a rigorous fundamental strategy, the very space in which the fund excels. In constructing the portfolio, we leverage a variety of alpha-generating methodologies. The long position is built from a fundamental basket, the Long Basket, which is the same names from our Long Only fund, complemented by proprietary models. The short position is managed through a combination of in-house strategies, ensuring a well-balanced and dynamic view of net exposure. Our objective is straightforward: to achieve consistent returns by capturing opportunities on both the long and short sides, independent of market direction. In an environment where diversification of strategies and effective risk control are increasingly critical, Encore Long & Short stands out as a strategic solution that is closely aligned with the challenges facing Brazil’s equity market today.