How it works.
We aim for consistent returns above inflation and the benchmark interest rate through government bond strategies, taking advantage of yield curve distortions that diverge from medium- and long-term macroeconomic fundamentals. In private credit, we apply strict issuer selection, focusing on high-quality assets, solid liquidity, and strong risk-return profiles—supported by proprietary analysis, discipline, and governance.
CAPITAL PRESERVATION
Our first principle is to avoid capital losses. We seek to avoid scenarios where losses are significant and permanent. We always ask ourselves: what are the consequences if we are wrong?
PORTFOLIO DIVERSIFICATION
We view the economy and market performance through the lens of large cycles — which don’t repeat, but often rhyme. We value diversification across asset classes and proper rotation between them.
FUNDAMENTAL ANALYSIS
Asset prices do not always reflect their intrinsic value due to market inefficiencies and irrational behavior. We maintain an independent view.
LONG-TERM PERSPECTIVE
We do not seek returns by timing the market. Instead, we maintain a long-term perspective, guided by market cycles and fundamental indicators.
Meet the Funds
4UM Crédito Privado FIF RF LP RL
Exposure to high-quality private credit with an active strategy and risk-controlled management.
4UM Inflação IMA-B 5 FIF RF LP RL
Focused on inflation protection through allocation in government bonds indexed to the IPCA.
