Kadima Asset Management

Widely recognized as the oldest quantitative fund manager in Brazil, Kadima launched its flagship systematic fund in 2007, before a domestic quant industry really existed. That head start has given it one of the longest live track records in Latin American systematic investing, a span of real-time results few regional peers can match.

Independent and based in Rio de Janeiro, the firm runs a suite spanning multi-market (Multimercado) strategies, long-short equity, fixed income, a dedicated equity fund, and pension products. Its method marries hands-on market experience with academic rigor, drawing on machine learning, AI, and statistical techniques. Its funds reach investors through Brazil's major platforms, including XP, BTG Pactual, Itau, and Nubank.