Giant Steps Capital

Giant Steps recruits to an academic bar most asset managers never set, stocking its research team with national and international mathematics and physics olympiad medalists. That research-lab ethos stands out sharply in a Sao Paulo market where most managers are fundamental, and it underpins a fully systematic process with no discretionary overlay.

Brothers Flavio and Marco Terni founded the firm in 2012 and built its deep-learning and reinforcement-learning stack end to end in-house on Python, Databricks, and AWS. Widely cited as Latin America's largest quant manager, it trades liquid futures and equities across the Americas, Europe, and Asia, and acquired DAO Capital in 2025. Offices in New York and San Francisco give it a line into US technology talent.