ALOISIO TELES, CFA
São Paulo
Summary
A seasoned Global Portfolio Manager with over 25 years of experience, including two decades in top tier firms in New York. Proven track record in trading and managing Global Macro Portfolios, showcasing expertise in developing and expanding successful trading businesses. Possesses extensive knowledge of both onshore and offshore Global Markets, coupled with a unique worldwide network of contacts. Holds dual citizenship in Brazil and the USA, providing a multifaceted perspective for navigating international financial landscapes.
Overview
27
27
years of professional experience
Work History
Senior Portfolio Manager
Porto Asset Management
São Paulo
05.2023 - 06.2024
- Responsible for the Global Macro strategy within the Multimercado Funds (Hedge Funds).
- Manage a broad mandate covering FX, rates, indexes, and commodities.
- Member of the Investment Committee.
- Collaborate closely with the Investor Relations Team to enhance client relationships.
- Contribute to product development and structuring of new Funds.
- Educated staff members on best practices related to portfolio management processes.
Chief Investment Officer & Statutory Director
Singulare
São Paulo
02.2022 - 02.2023
- Joined the Company with the mandate to restructure the Asset Management arm of Singulare.
- Responsible for the management of an AUM of R$ 7 billion.
- The portfolio consisted of FIMs (hedge funds), FIDCs (credit funds), FIIs (REITs), and FIPs (PE/VC).
- Responsible for the management of the landmark FII State of São Paulo, the first fund in Brazil to be used by a government aiming for the optimization of real estate sales.
- Direct report to the CEO and integral high-level strategic interaction with all other business areas.
- Active participation in the negotiation of new deals with clients and the structuring of new funds.
- Advised customers on financial investment options and capital expenditures.
- Negotiated contracts with financial institutions for services related to investments.
Founding Partner & CIO Liquid Markets
SIG Capital Asset Management
São Paulo
01.2019 - 01.2022
- Part of the Founding Partners group who set up the company.
- Helped in the structuring and regulatory approval of the company.
- Responsible for the search and hiring of the Liquid Markets Trading Team.
- Managed all risk-taking of the Global Macro FIM.
- Negotiated contracts with vendors, suppliers, and other external partners.
- Oversaw corrective action plans to remedy structural, organizational and departmental issues.
Co-Head Brazil Derivatives
Tradition Securities and Derivatives
New York
11.2016 - 07.2018
- Developed and managed the Brazilian derivatives desk.
- Cultivated senior commercial relationships with the main players in the FX and fixed-income markets.
- Led project that optimized the desk's infrastructure and controls.
Managing Director & Portfolio Manager
Black River Asset Management
New York
04.2014 - 09.2015
- Brought to be part of the Senior Management within the Emerging Markets Fund (EMF) and, consequently, to help managing, on team basis, a Global Macro EM portfolio.
- Additionally, had a special mandate /focus to rebuild the Brazil business within the Emerging Markets Fund.
- Responsible for the local Brazil office located in São Paulo and composed of a team of 3 risk-takers.
- In a few months, I was already able to significantly increase the footprint of the Brazil business, both within EMF and in the marketplace.
- It is important to remark that EMF performance was very good, and the fund was up around 7.5% by the end of June.
- Focused on P&L preservation with very disciplined and strict self-imposed drawdown/stop-loss limits, which results in a very constant and stable P&L accrual with very limited drawdowns.
- Extensive knowledge of fixed income and FX products, along with a deep understanding of the emerging markets' local peculiarities.
- Developed rapport and instilled confidence with clients to develop credibility and earn trust.
Managing Director / Co- Head of FX Americas
Nomura Securities
New York
06.2009 - 12.2013
- Invited to build the whole FX and Local Markets Trading business in the Americas following the acquisition of Lehman Brothers.
- FX Americas within 3 years became a very successful and profitable business, marked by a substantial risk-taking profile.
- Global Macro mandate with a focus in Latin America countries.
- Through a very deep and extensive contacts network, managed to make Nomura one of the most respectable and recognizable names in Latin America local markets with special distinction to Nomura`s penetration in Brazil.
- Excellent relationship with policymakers, authorities and important market participants in Latin America, markedly in Brazil.
- Excellent and consistent P&L track record, having made money in all years.
Global Macro Group - Portfolio Manager
S.A.C Capital Advisors (Point 72 AM)
Stamford
06.2007 - 12.2008
- Managed a global macro portfolio focused on emerging markets.
- This portfolio was managed on a team basis, with the use of a broad array of products, both cash and derivatives (FX, Rates, Commodities, and Indices), aiming to generate the most efficient way to express a view.
- Trade selection was based on a very comprehensive fundamental analysis and an understanding of local characteristics.
- Instrumental in developing and improving important channels of communication with senior portfolio managers across top firms, both in offshore and local markets.
- Performed detailed risk assessment analyses to guide investment decisions and portfolio adjustments.
Emerging Markets Local Markets Trader - Senior Vice President
Lehman Brothers
New York
02.2006 - 06.2007
- Responsible for the market making of Latin American local market instruments, with a focus on Brazilian assets, involving a significant amount of proprietary risk and P&L responsibilities.
- Responsible for the management, matching, and funding of an onshore book in Brazil that grew to become one of the largest open positions in the interest rates futures (DIs) at BM&F.
- This book sometimes surpassed $1 million DV01 in basis exposure.
- As a result, Lehman Brothers became one of the most important market makers in Brazilian assets, and it had a notable improvement in both its market share and profitability in this franchise.
- Co-responsible for the development, implementation, and trading of new products such as CCS, IRS, CLNs, and TRS (part of the team that structured the first TRS of an inflation-linked bond in Brazil) for all Latin American markets (BRL, MXN, ARS, COP, PEN, CLP).
- P&L in 2006 was over $ 20 mio and in 2007 the annualized P&L stood at more than $ 60mio.
- Leveraged on extensive network of local contacts in both the private and governmental sectors to help with the implementation of the local branch of Lehman Brothers in Brazil.
- Built positive and productive customer connections to drive consistent sales.
- Mentored junior traders on strategies and best practices.
Latin American Local Markets Trader - Vice President
Banco Santander Central Hispano
New York
10.2000 - 01.2006
- Transferred to New York with the major assignment of restructuring the market-making book of Brazilian local market instruments.
- Assumed responsibility for trading in all other major Latin American local markets.
- Implemented market-making books of local Mexican and Argentinean fixed income in order to provide liquidity to both North American and European Clients.
- Responsible for trading and market-making activities in derivatives instruments such as Interest Rate Swaps and Cross Currency Swaps in BRL, MXN, and CLP.
- Involved in the development and implementation of shared books (BRL, MXN and ARS) between local branches and New York in order to take advantage of the remarkable presence of the Bank in Latin America, thus optimizing liquidity and to taking advantage of cross-border arbitrage opportunities.
- Developed excellent rapport with custom builders to expand opportunities for growth.
Local Markets Trader
Banco Bozano, Simonsen
Rio de Janeiro/São Paulo
01.1997 - 01.2000
- Selected for the Trainee Program from July 1997 to Jan 1998.
- In that period, worked in the operations department with the objective of developing a broader understanding of the main operational processes and their importance to the Bank's routines.
- Later assigned to the Treasury, where had the opportunity to manage/trade the major local instruments for the proprietary position, including interest rates futures (BM&F), interest rate swaps, USD/BRL futures (BM&F), USD/BRL spot, etc. in one of the most active treasury desks in Brazil.
- Involved in the asset/liability management of the Bank's balance sheet.
Education
CGA, CGE & Gestor CVM -
01.2020
CFA Charterholder -
01.2001
Master in Business Administration (a.b.d.) -
Getúlio Vargas Foundation - FGV
São Paulo, Brazil07.1997
Bachelor of Science - Mechanical Engineering
Federal University of Espirito Santo - UFES
Vitoria, Brazil01.1992
Skills
- Fluent in Portuguese (native language), English and in Spanish
- Dual citizenship Brazil / United States of America
- Series 24, 7 and 63 (lapsed)
Languages
Portuguese
First Language
English
Proficient
C2
Spanish
Advanced
C1
Timeline
Senior Portfolio Manager
Porto Asset Management
05.2023 - 06.2024
Chief Investment Officer & Statutory Director
Singulare
02.2022 - 02.2023
Founding Partner & CIO Liquid Markets
SIG Capital Asset Management
01.2019 - 01.2022
Co-Head Brazil Derivatives
Tradition Securities and Derivatives
11.2016 - 07.2018
Managing Director & Portfolio Manager
Black River Asset Management
04.2014 - 09.2015
Managing Director / Co- Head of FX Americas
Nomura Securities
06.2009 - 12.2013
Global Macro Group - Portfolio Manager
S.A.C Capital Advisors (Point 72 AM)
06.2007 - 12.2008
Emerging Markets Local Markets Trader - Senior Vice President
Lehman Brothers
02.2006 - 06.2007
Latin American Local Markets Trader - Vice President
Banco Santander Central Hispano
10.2000 - 01.2006
Local Markets Trader
Banco Bozano, Simonsen
01.1997 - 01.2000
CGA, CGE & Gestor CVM -
CFA Charterholder -
Master in Business Administration (a.b.d.) -
Getúlio Vargas Foundation - FGV
Bachelor of Science - Mechanical Engineering
Federal University of Espirito Santo - UFES
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