Former XP Partner Embraces ‘Quantamental’ in New Brazil Fund
- Hedge fund manager Joao Braga creates Encore Asset Management
- New firm bets on blending old-school research with quant tools
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Joao Braga helped steer one of the top Brazilian hedge funds in the past few years. At his new firm, Encore Asset Management, he’s hoping to pull it off again.
Only this time around, Braga, who succeeded in picking companies through old-school research, has embraced “quantamental” investing, a merger of computer and human-based decision making, he said in an interview. Encore hired quant analysts to develop machine-learning algorithms “to give our team an edge,” according to Braga.