Overview
fama re.capital LTDA (“we” or “FAMA”) is a limited liability company governed
under the laws of Brazil.
FAMA is a Brazilian independent asset manager committed to ethical investments
since 1993. We are operating, since 2024, as a Responsible Investment Platform
with the aim of accelerating the changes the world needs through high-quality
products that deliver both financial returns and positive impact simultaneously.
Our approach is comprehensive incorporating ethical, environmental, and
human rights considerations into our investment strategies. Recognizing the
singular and complex nature of sustainability issues, we place significant emphasis
on qualitative analysis. We acknowledge that these issues are unique to different
'realities' and may not be fully captured by numerical metrics alone, except for a
few exceptions such as carbon metrics and others. By prioritizing qualitative
analysis, we ensure a nuanced understanding of the diverse dimensions of
sustainability and make informed decisions that align with our values and
commitment to responsible investing.
We are proud to be certified as a B Corp and recognized as vocal advocates for
responsible investing. We were pioneers in Brazil in establishing our own
Stewardship Code and disclosing our stewardship efforts through a quarterly
Stewardship Report. Additionally, we were the first Brazilian asset manager to
measure and disclose the carbon footprint of our portfolio following best global
market practices.
We play an active role in the global community of investors committed to
sustainability. We are the only Latin American asset manager co-founder of the
Net Zero Asset Managers’ initiative (NZAM) and the only Brazilian member of the
Nature Action 100. We have also participated in the development of relevant
tools and frameworks such as the Taskforce on Nature-related Financial Disclosures
(TNFD) and Forest IQ and have supported key local and international statements
aimed primarily at the local government to raise its climate action and ambition.
Nowadays, we are members of the PRI ‘Sustainable Systems Investment Managers
Reference Group’ and the PRI ‘Stewardship Initiative on Nature Signatory Advisory
Committee’.
Our Climate-related efforts and commitments not only earned us a place as a
finalist in the prestigious PRI Awards in 2022 but also garnered global recognition
as a Case Study by The Investor Agenda. This recognition was based on our
adherence to the rigorous framework of the Investors' Climate Action Plans (ICAPs)
Expectations Ladder. Since 2021, our PRI report has served as a transparency tool
for our net-zero commitment. Particularly
through the Climate Change module,
we can track progress and report on our climate transition plan, following the TCFD
guidelines. In our 2023 PRI report, we earned a 5-star (the highest possible) score
for the modules “Policy Governance & Strategy” and “Direct - Direct-Listed Equity
- Active Fundamental”.
Our dedication extends beyond financial investments. We make social
investments through our NGO, FAMA Institute, established in 2010. The Institute
supports causes related to human rights and the environment, demonstrating our
commitment to contributing to a fair and more sustainable world.
Our founder, Fabio Alperowitch, CFA, is the majority owner and portfolio manager
since inception. Mr. Alperowitch graduated in business administration from
Fundação Getulio Vargas (FGV-SP), with extension courses at the University of
California (Berkeley) and Harvard Kennedy School. He began his career at Procter
& Gamble and co-founded fama re.capital in 1993, where he is responsible for
portfolio management and the research department. Former columnist of Valor
Econômico newspaper, he was a member of the Board of Directors of several
publicly traded companies. He has a long history of contribution to sustainability
and third-sector organizations. He is currently an advisor to renowned institutions
such as WWF Brazil, LIFE Institute, Instituto Ethos, and “Pacto pela Equidade Racial,”
reinforcing our dedication to promoting ethical values and responsible practices
across all spheres of society.
FAMA provide discretionary investment advisory services mainly to institutional
clients, which we refer to collectively as our “Private Accounts”. None of our
Private Account clients are based in the United States. We manage our Private
Accounts with a focus on the securities of Brazilian publicly listed companies.
We also currently provide discretionary investment advisory services to Brazil-
based private investment funds (the “Funds”), none of which are offered to or
beneficially owned by US investors. We manage each Fund pursuant to the
objectives specified in the documents by which the Fund offers its ownership
interests.
We do not participate in wrap fee programs.
As of December 31, 2023, the net asset value of our Funds and Private Accounts
was approximately US$ 130 million.
This brochure is a general summary of FAMA’s investment advisory services, fees
and compensation, and advisory practices and is not specific to any one client.
Clients should consult their agreements with FAMA for the specific terms and
information applicable to their relationship with FAMA.