Ace Capital
Ace Capital is a privately held São Paulo-based Brazilian investment fund manager founded in 2013, operating 11 funds across Macro, Variable Income, Fixed Income and Quantitative strategies. It serves institutional investors, pension funds, family offices and bank-distributed retail clients via 30+ financial intermediaries in Brazil.
- Company typePrivate
- Founded2013
- HeadquartersSão Paulo, Brazil
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Ace Capital does
Ace Capital Gestora de Recursos is a privately held Brazilian investment fund manager (gestora de fundos) headquartered in Vila Olímpia, São Paulo, founded in 2013 by a team that previously worked together on the proprietary trading desk (mesa proprietária) of one of Brazil's largest bank treasuries. The firm operates four investment strategy pillars — Macro (multimercado), Variable Income (renda variável / equities), Fixed Income (renda fixa) and Quantitative — and offers 11 funds, each structured in both retail (FIC) and institutional (FIF/FIA/FIM) share classes where applicable. Flagship products include ACE CAPITAL FIC FIM (Macro), ACE CAPITAL ABSOLUTO (Variable Income), ACE CAPITAL VANTAGE (Fixed Income) and ACE CAPITAL DINÂMICO and MULTICENÁRIOS (Quantitative), plus a dedicated infrastructure-debt incentive fund (ACE CAPITAL INFRA) and an open-pension vehicle (ACE CAPITAL PREV).
The underlying investment process is described as a proprietary methodology developed and tested over 12 years across diverse market conditions, supported by a research culture of independent thinking and open debate, with active and rigorous risk management. Ace Capital does not disclose any AI/ML, machine-learning, or proprietary-technology stack beyond this methodology; its competitive differentiation is presented as human-judgment-driven rather than algorithmically generated. Quantitative strategies are run by two named portfolio managers (Juliano Faria and Guilherme Queiroz), but no model details are disclosed.
Ace Capital generates revenue from management fees and performance fees (taxa de performance) charged on assets under management across its fund lineup. Distribution is B2B and entirely intermediated: the firm places its funds through 30+ financial institutions spanning tier-1 Brazilian banks (Santander, BTG Pactual, Itaú BBA), global investment banks operating in Brazil (JPMorgan, Goldman Sachs, Credit Suisse/UBS), independent DTVM/CTVMs (AceFlow, GDX, Sparta, BRZ), family offices (including the Safra multi-family office channel), and direct institutional relationships with closed pension funds (CSN, BASF) and endowments (Hospital Albert Einstein via Saires Capital). The firm is independently owned, with no disclosed parent company, institutional investor or venture funding; ownership appears to reside with the founding partners (CEO Ricardo Denadai, CIO Fabricio Taschetto, COO José Mazzoni, and named portfolio managers including Wesley Okada, Tiago Cunha, Gabriel Trebilcock and Thiago Kadobayashi).
Ace Capital firmographics
Firmographics- Name
- Ace Capital
- Legal name
- Ace Capital Gestora de Recursos
- Website
- https://ace.capital
- Company type
- Private
- Founded year
- 2013
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Ace Capital is a privately held São Paulo-based Brazilian investment fund manager founded in 2013, operating 11 funds across Macro, Variable Income, Fixed Income and Quantitative strategies. It serves institutional investors, pension funds, family offices and bank-distributed retail clients via 30+ financial intermediaries in Brazil.
- Ownership category
- akta.pro rank
Ace Capital industry classification
Industry- Product category
- Institutional Asset Management
- NAICS
- Portfolio Management and Investment Advice (523940), Other Financial Vehicles (52599)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Institutional Consulting RIAs (OCIO/Endowments/Foundations/Pensions) (FSAAACAG)
- akta.pro secondary industry
- Institutional Separate Accounts & SMAs (Mandates) (FSAAAGAL)
Keywords
Where Ace Capital is headquartered
LocationHeadquarters
- HQ city
- São Paulo
- HQ country
- Brazil
- HQ region
- Latin America
Offices1 record
Markets served
Ace Capital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure, Others
Revenue model
- Management Fees: Ace Capital generates revenue through management fees charged on assets under management across its multiple fund strategies including Macro (FIM), Fixed Income (FI RF), Equities (FIA), and Quantitative funds. The firm manages both retail-focused FIC funds and institutional-grade FIF/FIA funds.
- Performance Fees (Taxa de Performance): Investment management firms in Brazil typically charge performance fees (taxa de performance) based on returns exceeding benchmarks, particularly on absolute return and institutional funds.
Go-to-market motion1 record
Distribution channels5 records
Marketing channels7 records
Ace Capital product offering
Product offeringCore offering
Ace Capital is a Brazilian investment fund manager that manages a diversified portfolio of 11 funds across four core strategies: Macro (multi-strategy), Variable Income (equities), Fixed Income, and Quantitative. The firm offers both retail-accessible FIC funds and institutional FIF/FIA fund vehicles, distributed through 30+ financial institutions across Brazil including major banks, investment banks, and family offices.
Product overview
Ace Capital is an investment fund management firm offering a diversified portfolio of 11 funds across four main investment strategies: Macro (multi-strategy), Variable Income (equities), Fixed Income, and Quantitative. The product lineup includes retail and institutional variants of flagship funds such as ACE Capital Absoluto, ACE Capital Vantage, and ACE Capital FIC FIM, covering asset classes from equities and fixed income to infrastructure debt and dynamic multi-scenario strategies. The firm was formed by a team from the treasury desk of a major Brazilian bank with 12 years of tested investment methodology.
Differentiator
Problem solved
Functional benefit
Brands
- ACE CAPITAL MACRO: Macro strategy fund
- ACE CAPITAL PREV
- ACE CAPITAL ALPHASYS
- ACE CAPITAL ACTION
- ACE CAPITAL ABSOLUTO
- ACE CAPITAL VANTAGE
- ACE CAPITAL INFRA
- ACE CAPITAL DINÂMICO
- ACE CAPITAL MULTICENÁRIOS
Products and services
- ACE CAPITAL FIC FIM Macro multi-strategy fund (FIM) for retail-accessible investors seeking diversified exposure across asset classes within the ACE Capital Macro franchise.
- ACE CAPITAL PREV XP SEGUROS IQ FIC MULTIMERCADO Multi-strategy pension fund (FIM) distributed via XP Seguros IQ, serving pension and insurance clients seeking diversified multi-strategy exposure under the ACE Capital Prev strategy.
- ACE CAPITAL ALPHASYS FIF CIC Institutional Macro fund structured as FIF CIC within the AlphaSys family of strategies targeting professional investors.
- ACE CAPITAL ACTION FIF CIC Institutional Macro fund structured as FIF CIC within the Action strategy family for professional investors.
- ACE CAPITAL ABSOLUTO FIC FIA Absolute return variable income fund (FIA) for retail-accessible investors seeking long-biased equity exposure within the Absoluto franchise.
- ACE CAPITAL ABSOLUTO INSTITUCIONAL FIC FIA Institutional variable income fund (FIA) within the Absoluto franchise, offering absolute return equity exposure targeted at institutional clients.
- ACE CAPITAL VANTAGE FIC FI RF LP Long-term fixed income fund (FI RF LP) for retail-accessible investors within the Vantage fixed income franchise.
- ACE CAPITAL VANTAGE INSTITUCIONAL FIC FI RF LP Institutional long-term fixed income fund (FI RF LP) within the Vantage franchise targeting institutional investors seeking professional fixed income management.
- ACE CAPITAL INFRA FIF INCENTIVADO DEB INFRA RF CP RL Infrastructure debt incentive fund (FIF Incentivado Debêntures de Infraestrutura) for qualified investors seeking tax-advantaged exposure to Brazilian infrastructure debentures.
- ACE CAPITAL DINÂMICO FIC FIM Dynamic quantitative multi-strategy fund (FIM) applying a tested quantitative method across market conditions within the ACE Capital Quantitative franchise.
- ACE CAPITAL MULTICENÁRIOS FIC FIM Multi-scenarios quantitative fund (FIM) applying a tested quantitative method across diverse market scenarios within the ACE Capital Quantitative franchise.
Companies that use Ace Capital
Customer profileNamed customers9 records
Segments3 records
Ideal customer profiles3 records
Ace Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Ace Capital partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered core, major and minor.
- Santander BrasilcoreSantander Brasil serves as both custodian and key distribution partner for Ace Capital funds. The relationship includes fund administration (Santander DTVM/CTVM) and distribution through Santander's extensive retail and institutional network across Brazil.
- BTG PactualcoreBTG Pactual distributes Ace Capital funds through its institutional and wealth management channels to high-net-worth clients and institutional investors.
- Itaú BBAcoreItaú BBA serves as a key distribution partner and reference institution for Ace Capital's fund products, leveraging Itaú's extensive distribution network.
- JPMorgan BrasilmajorJPMorgan Brasil distributes Ace Capital funds to institutional and high-net-worth clients through its wealth management and asset management divisions.
- Goldman Sachs BrasilmajorGoldman Sachs Brasil distributes Ace Capital funds to its institutional and private banking clients in Brazil.
- Credit Suisse BrasilminorCredit Suisse Brasil (now UBS post-acquisition) distributes Ace Capital funds to its private banking and institutional client base.
- BRZ InvestimentosmajorBRZ Investimentos, a former employer of Ace Capital's equity team members, distributes Ace Capital funds and maintains collaborative relationship in the Brazilian investment market.
- GRou CapitalmajorGRou Capital, a former employer of multiple Ace Capital team members including CEO Ricardo Denadai and several portfolio managers, represents both a talent pipeline and distribution partner relationship.
- Saires CapitalmajorSaires Capital serves as a key partner, managing endowments including Hospital Albert Einstein and distributing Ace Capital funds to institutional clients.
- CSHG GaussminorCSHG Gauss (part of CSHG group) distributes Ace Capital funds to its client base, with former Gauss Capital economists (Ana Alves) having joined Ace Capital.
- Grou CapitalmajorGrou Capital (formerly BRZ Investimentos) distributes Ace Capital funds and shares talent connections with multiple team members having transitioned between the firms.
Scale indicators3 records
Recent moves6 records
Expansion highlights5 records
Ace Capital competitors and assessment
Company assessmentDirect peers
- SPX Capital: Brazilian independent multi-strategy manager with macro, equities, and quantitative strategies distributed via bank platforms. Closely comparable to Ace Capital in product lineup, institutional client base, and proprietary-trading-desk heritage.
- Ibiuna Investimentos: Brazilian macro and multi-strategy manager founded by former bank treasury talent. Directly comparable to Ace Capital on team pedigree, macro-heavy strategy mix, and distribution through Brazilian banks.
- Verde Asset Management: One of Brazil's largest independent macro and multi-strategy asset managers with institutional and retail fund structures. Highly comparable to Ace Capital on multi-strategy platform, Brazilian macro focus, and bank-distribution model.
- Kapitalo Investimentos: Independent Brazilian multi-strategy and macro hedge fund manager. Comparable to Ace Capital on multi-strategy platform, bank distribution, and Brazilian institutional client base.
- GAP Asset Management: Brazilian macro and international rates manager. Directly comparable to Ace Capital on macro strategy; Ace economist Bruno Hampshire previously worked at GAP.
- Absolute Investimentos: Brazilian macro and multi-strategy manager with institutional and retail fund vehicles. Directly comparable to Ace Capital; Ace team member Bruno Hampshire previously worked at Absolute.
- JGP Gestão de Recursos: Brazilian independent macro and multi-strategy manager serving institutional and HNW clients. Comparable to Ace Capital on macro focus, institutional distribution, and investment-team depth.
- Genoa Capital: Brazilian independent manager with fixed income and multi-strategy products. Comparable to Ace Capital; Head of Fixed Income Luiz Alberto Basqueira was previously partner and co-manager at Genoa.
Broad incumbents
- BTG Pactual Asset Management: Largest Brazilian independent investment bank with a sizable asset management arm offering multi-strategy, fixed income, equities, and alternatives. Comparable as a broader incumbent operating in the same institutional and bank-distribution channels as Ace Capital.
- Itaú Asset Management: Brazil's largest asset manager and a division of Itaú Unibanco, distributing through the bank's massive retail and institutional network. Comparable as a broad incumbent in the same multi-strategy categories and bank-distribution channels.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights7 records
Customer concentration
Ace Capital social profiles
Digital presenceAce Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
Ace Capital leadership team
Management profileNumber of profiles
Profiles14 records
Ace Capital funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Ace Capital M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Ace Capital
What does Ace Capital do?
Ace Capital is a Brazilian investment fund manager that manages a diversified portfolio of 11 funds across four core strategies: Macro (multi-strategy), Variable Income (equities), Fixed Income, and Quantitative. The firm offers both retail-accessible FIC funds and institutional FIF/FIA fund vehicles, distributed through 30+ financial institutions across Brazil including major banks, investment banks, and family offices.
Is Ace Capital a public or private company?
Ace Capital is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Ace Capital founded?
Ace Capital was founded in 2013. It employs 11 to 50 people.
Where is Ace Capital based?
Ace Capital is headquartered in São Paulo, Brazil, in the Latin America region.
How does Ace Capital make money?
Two revenue lines are on record. Management Fees are the primary driver. The others are performance Fees (Taxa de Performance).
Who are Ace Capital's main competitors?
Direct peers on record are SPX Capital, Ibiuna Investimentos, Verde Asset Management, Kapitalo Investimentos, GAP Asset Management, Absolute Investimentos, JGP Gestão de Recursos and Genoa Capital. Broad incumbents are BTG Pactual Asset Management and Itaú Asset Management.
Does Ace Capital have an API?
No public API is recorded for Ace Capital.
What industry is Ace Capital in?
Ace Capital's product category is Institutional Asset Management. Its primary akta.pro industry code is FSAAACAG, Institutional Consulting RIAs (OCIO/Endowments/Foundations/Pensions), with a secondary code of FSAAAGAL, Institutional Separate Accounts & SMAs (Mandates). Its NAICS code is 523940 and its SIC code is 6282.