Investment Objectives

The objective of the FUND is the appreciation of its shares in the long term, through asset allocation in a diversified portfolio of equity investments. The main risk is the variation in the price of the stocks that are negotiated in the stock exchange or in organized over the counter markets. These operations are subject to legal and bylaw limitations.

Investment Policy

The FUND adopts exclusively, as an investment philosophy for managing stocks, a fundamental-based analysis, seeking, through an active attitude towards the companies, consistent medium and long term results with low volatility and little concern for immediate liquidity.

Prospective Clients

The FUND is destined, exclusively, to qualified investors, as defined by Securities and Exchange Comission (“CVM”) and which are constituted as investment funds or other investment vehicles administered/managed by the administrator or by their related companies.

Risk Profile

The risk assessment of the ADMINISTRATOR accompanies the whole process of investment decisions. The risk of a particular asset is not determined numerically, through the precise definition of the variance of return around the average. It is incorporated throughout the fundamental analysis process. In regards to measuring the portfolio risk, the method used is mainly bottom-up, emphasizing the risk of each asset. Additionally, the ADMINISTRATOR also considers issues like the diversification of subjacent sectors and its implications on the portfolio’s concentration.


Technical Information

Minimum investment: R$ 1.000.000,00

Minimum Additional Investment and Redemption: Não há

Investment NAV: The subscription will be converted using the NAV of the next business day following the date of the investment (D+1).

Redemption Conditions: Redemptions will be converted using the NAV of the next business day following the date of redemption request (D+1). The financial settlement of the withdrawal will occur one business day after the conversion (D+2).

Lock-up period: None

Management Fee: 0,10% per year



Adjustment of Performance Fee: None

Income Tax: 15% of the nominal gain for Brazilian taxed investors.

Anbima Category: Equity

Inception date 10/05/2021

Documents (only in Portuguese)

Regulamento Cougar Master

Política de Voto

Manual de Precificação Bradesco

Demonstrações Financeiras