We create long-term value
For years, our fundamentalist, disciplined, and patient philosophy has generated consistent and above-average returns
2438.29
%
of historical performance of the strategy
12
years
since Ártica LT's inception
R$
471.89
M
of AuM
Where to invest
*Ask your advisor or contact us
Our performance
For over 10 years with results above the main market indexes
1-Ártica LT began on 06/27/2013 as an "investment club" and was converted into a "stock investment fund" on 09/27/2019. The returns presented are from the start date of 06/27/2013 to the last business day.
2- In “Since Inception Annualized” the creation of Ártica LT FIA is considered, on June 27, 2013. The profitability window considered for IBOV and CDI is also the start date of Ártica LT FIA.
Investment philosophy
Our principles
| FOCUS ON GREAT COMPANIES | We seek companies with clear and sustainable competitive advantages that make them profitable and resilient |
| LONG TERM | We develop investment thesis with a horizon of years. We do not seek to predict short-term stock market fluctuations |
| MARGIN OF SAFETY | We believe that demanding a margin of safety in the purchase price is the most efficient way to reduce risk |
| DISCIPLINE AND PATIENCE | We maintain rigorous analytical standards and wait for exceptional opportunities to arise |
Our team
Management team focused on making the most of your investment
Ivan Barboza, CFA
Partner
Ivan is a founding partner and equity fund manager at Ártica. He has been managing Ártica Long Term FIA since its inception in 2013, driven by the interest of Ártica's partners in investing their own capital. He also has 12 years of experience in investment banking at Ártica, working on the execution of significant transactions in the technology, financial services, consumer goods, retail, and energy sectors.
Ivan is a CFA Charterholder, investment fund manager registered with the CVM and ANBIMA and holds a bachelor's degree in Physical Engineering from the Federal University of São Carlos (UFSCar).
Raphael Castilho, CFA
Partner
Raphael is a partner and equity fund manager at Ártica. He has been part of the Ártica Long Term FIA management team since its inception in 2013. He worked for six years in Ártica's Investment Banking department, advising corporate clients on acquisitions and sales of privately held companies.
Raphael is a CFA Charterholder and investment fund manager registered with the CVM and ANBIMA and holds a bachelor's degree in Electronic Engineering from the Instituto Tecnológico de Aeronáutica (ITA).
Matheus Rech, CFA
Vice President
Matheus joined the Asset Management team in 2020 and is now part of the senior team that leads the management of our funds. Previously, he worked in Investment Banking at Credit Suisse and Strategic Consulting at Advisia OC&C.
Matheus is a CFA Charterholder, an investment fund manager registered with ANBIMA, and holds a bachelor's degree in Mechanical Engineering from the State University of Campinas (UNICAMP), having completed part of his studies at the University of Magdeburg, Germany.
Rafael Mascarenhas
Associate
Rafael joined the Asset Management team in 2025.
Previously, he worked as a global equity analyst at Ace Gestão Global Ltda., an investment management firm affiliated with LTS Investments. He holds a bachelor's degree in Electrical Engineering from the Polytechnic School of the University of São Paulo (Poli-USP).
Bernardo Fusato, CFA
Director of Risk, Compliance and Investor Relations
Bernardo joined the Asset Management team in 2023. Previously, he worked in Investment Banking, Wealth Management, and was a CFO at technology companies.
He is a CFA Charterholder and holds a bachelor's degree in Administration from PUC Minas.
Copyright content
Monthly Letters
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