Daemon Investments

What Daemon Investments does

Daemon Investments is a privately held global asset management firm founded in 2009 and headquartered in São Paulo, Brazil, with a US office in Miami, Florida (SEC-registered since 2016). The firm manages approximately USD 6 billion across two main product families: Systematic Investments, comprising quantitative multi-market funds (notably the Daemon Nous Global FIC, launched February 2020, and the Ethos FIE pension fund launched September 2023 via Icatu), and Export Finance, a private credit strategy focused on financing capital goods under Brazil's federal PROEX export program. Its systematic funds trade 400+ assets across Canada, the United States, Europe, Korea, Singapore, and Australia, with up to 40% of fund risk allocated offshore through global derivatives markets.

The firm's core technology stack consists of proprietary algorithms and machine learning models developed by a cross-functional team of engineers, statisticians, and economists. Investment decisions and risk control are executed algorithmically in a fully systematized manner, with strategy research and modeling taking 1–6 months before deployment to production. Risk management is distributed across multiple layers — within strategies, clusters, and the overall portfolio — and overseen by weekly risk committee meetings. The scientific-method approach combines quantitative analysis, backtesting against millions of terabytes of daily global market data, and systematic execution designed to eliminate human discretion in day-to-day trading while preserving human oversight in algorithm development.

Daemon's business model is traditional asset management — management fees and performance fees on AUM — but distribution is entirely channel-based: funds are not sold directly to end investors but are made available through 11+ Brazilian brokerages and wealth platforms, including BTG Pactual, Andbank, Nova Futura, Daycoval, Toro, Mirae Asset, Inter, Genial, Warren Rena, Terra, and BRE (Ability WM). The firm targets Brazilian institutional and qualified investors, Brazilian pension fund allocators, and international investors (with geographic restrictions for US persons). Co-founders Sérgio Rhein Schirato (CEO, former Itaú-Unibanco partner), Vitor Schirato, and Edson Queiroz lead the firm, which employs 11–50 people and is regulated by the CVM in Brazil, the SEC in the United States, and complies with ANBIMA codes and Brazil's LGPD data protection regime.

Name

Daemon Investments

Legal name

Daemon Investments

Website

https://daemoninvestments.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

11–50 employees

Short description

Daemon Investments is a privately held Brazilian-founded quantitative asset manager (2009, SEC-registered 2016) running ~USD 6B AUM across systematic multi-market funds and a PROEX-linked export finance credit strategy, distributed exclusively through 11+ Brazilian brokerages and wealth platforms.

Ownership category

akta.pro rank

Product category

Systematic Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Other Investment Pools and Funds (5259)

SIC

Investment Advice (6282)

akta.pro primary industry

Managed Platforms & Wrap Programs for Private Clients (Model Portfolios, UMA/SMAs) (FSAAABAM)

akta.pro secondary industry

Portfolio Construction & Asset Allocation Advisory (FSAEAAAC)

Keywords

• Systematic asset management
• Quantitative investment funds
• Alternative investment management
• Multi-market funds
• Export finance credit

Headquarters

HQ city

Miami

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel

Revenue model

1. Management and Performance Fees: Daemon Investments generates revenue through traditional asset management fee structures consisting of management fees and potentially performance fees charged on fund assets under management. As a registered asset manager, the firm follows standard industry practices for fund fee structures disclosed in fund regulations and fee summaries.

Go-to-market motion2 records

Distribution channels11 records

Marketing channels5 records

Core offering

Daemon Investments is a global asset management firm that builds and manages systematic, algorithm-driven investment funds. Its core products are quantitative multi-market funds (Daemon Nous Global FIC and Ethos FIE) that trade hundreds of global assets across regions using proprietary algorithms, machine learning, and multi-layer risk controls. The firm also operates an Export Finance private credit strategy that finances capital goods through Brazil's federal PROEX export program.

Product overview

Daemon Investments operates as a global asset management firm with approximately USD 6 billion in assets under management distributed across two main product families: Systematic Investments (quantitative/multi-market funds) and Export Finance (private credit). The core product is Daemon Nous Global FIC, a diversified multi-market fund using systematic quantitative strategies to explore risk factors in Brazil and internationally. Ethos FIE is a pension-focused quantitative fund with offshore exposure. The Systematic Investments approach relies on algorithms and machine learning for portfolio construction, while Export Finance provides private credit through government-backed programs.

Differentiator

Problem solved

Functional benefit

Brands

• Daemon Nous Global: A diversified multi-market fund (FIC) that explores risk factors in Brazil and internationally, managed in a systematic manner.
• Daemon Ethos
• Export Finance

Products and services

• Daemon Nous Global FIC Diversified multi-market (multimercado) fund that trades hundreds of global assets across strategies, clusters, and portfolio layers using systematic quantitative methods; intended for Brazilian qualified investors and institutional clients.
• Ethos FIE Quantitative systematic pension fund (previdência) with offshore market exposure, designed for stable volatility and returns uncorrelated from main market players; targeted at Brazilian pension fund investors.
• Systematic Investments Family of algorithm-driven investment funds where investment decisions and risk control are executed systematically through proprietary models, delivering consistent long-term returns uncorrelated from major market indices.
• Export Finance Private credit strategy focused exclusively on financing capital goods through Brazil's Export Program (PROEX), an initiative of the Brazilian Federal Government; targeted at exporters and investors in export-linked credit.

Quantifiable outcome

• Returns since inception of 84.48% for Daemon Nous Global FIC (as of June 2026)
• +3 more outcomes

Named customers11 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature3 records

Partnerships

One partnership is on record.

• Núcleo de Alto Rendimento Esportivo de São Paulo (NAR)minorStrategic or Co-development PartnerDaemon supports initiatives that value science and technology, having established a partnership with Núcleo de Alto Rendimento Esportivo de São Paulo (NAR), an excellence center focused on sports training evaluation, prescription, and technical certification for high-performance athletes and professional teams. This represents the company's social impact and community engagement initiatives.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Man Group: Publicly listed global quantitative and discretionary asset manager; useful benchmark for systematic strategy scaling and risk-managed multi-asset fund structures.
• AQR Capital Management: Global systematic/factor-investing incumbent; a broad comparable for Daemon's ML-driven multi-asset systematic approach though at vastly greater scale and global distribution.
• Dynamo Administração de Recursos: Veteran Brazilian alternative manager with broad fund family including multimercado; an incumbent systematic player that occupies similar shelf space at Brazilian brokers.

Direct peers

• Truxt Investimentos: Brazilian quantitative asset manager with multi-strategy and factor-investing funds; directly comparable product offering and target investor base to Daemon.
• Ibiuna Investimentos: Brazilian macro/systematic manager distributing funds through major Brazilian brokerages; competes directly with Daemon Nous Global in the multimercado category.
• Legacy Capital: Brazilian multi-strategy/quantitative manager distributing funds on major Brazilian wealth platforms, with product overlap on multimercado and systematic strategies.
• Verde Asset Management: Brazilian long-short/quant manager founded by Luis Stuhlberger with multi-decade AUM scale; competes for the same Brazilian HNW/institutional quant investor wallet as Daemon.
• Eleven Financial Research: Brazil-based quantitative asset manager using systematic models and data science — directly comparable to Daemon's algorithmic, ML-driven approach.
• Kinea Investimentos: Kinea is one of Brazil's largest systematic/macro alternative asset managers, founded by Itaú-Unibanco alumni, offering multimercado and quant strategies distributed across Brazilian platforms — the closest direct analogue to Daemon's systematic franchise.

Regional players

• Capitânia Investimentos: Brazilian asset manager offering credit, real estate and structured systematic strategies; competes for the same institutional Brazilian wallet with adjacent product structure.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/daemoninvestments
• Instagraminstagram.com/daemoninvestments

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Daemon Investments