It is with pride that we begin a new chapter in Quest Investimentos’ history after securing a joint venture with Azimut Group, a renowned independent asset manager present in 14 countries around the world, in 2015.
Together we launched AZ Quest to build the best asset manager in Brazil with a diversified shelf of high-quality products, keeping steadfast to our core focus of investments and development of our team of professionals.
The joint venture takes us to a new level. We are now part of a global company, maintaining our values and independence.
We have preserved our meritocratic culture. Staff can become partners depending on their contribution to the development of the company, assuring an alignment of interests with our clients. The terms of this agreement were elaborated to ensure the building of a sustainable business and a growth trajectory, maintaining our philosophy and investment processes that have been responsible for the performance and consistency of our funds over the long term.
Our evolving story of consistent growth
Made up of professionals with deep experience in the market, AZ Quest is a partnership that values human capital and seeks to attract and retain talent thanks to a culture that incentivizes meritocracy and teamwork. Most of our investment professionals are partners by way of policy alignment on incentives between fund managers, shareholders and investors committed to the highest levels of ethical and governance standards.
AZ Quest is an independent fund manager that has operated in the market since 2001, offering products with equities, long short, macro, fixed income and Credit strategies as well as different solutions to meet the needs of our investors.
With a focus on preserving capital and generating consistent returns in the long term, AZ Quest sees investment opportunities in a unique way. Over time, we have developed a methodology that is based on fundamental analysis that also considers the outlook by sector and the macroeconomic scenario.
We believe performance consistency in the longer term is the biggest generator of wealth and a decisive factor in delivering good portfolio results.
The secret to achieving such consistency in each of our strategies is centred on discipline in the way we conduct a wide-ranging investment process that incentivizes and generates ideas as well as a group decision.
At AZ Quest, the selection of assets undergoes a complete fundamental analysis process, that embraces idiosyncratic corporate factors such as intrinsic value and governance for each of the corporate candidates to be included in our portfolios. Such factors include local and global macroeconomic scenarios and an outlook of the economy’s different sectors.
The research process is focused on discovering which assets will have the best performance in terms of generating risk adjusted Alpha.
The equities investment approval process is composed of four phases, starting with a deep fundamental and macroeconomic analysis that takes into consideration factors such as a company’s business model, its management, cash flow strength, the recurring capacity of generating solid results, governance and sector outlook.
The macro scenario serves as a backdrop, adding value to the process through the definition of essential variables for the evaluation of companies such as rates, FX, inflation as well as long-term fundamental trends in Brazil and abroad. Technical factors such as liquidity, investment flows and the cost of rent are considered during the construction of portfolios.
The macro investment process consists of obtaining a return correlated to local and international FX, futures, equities and fixed income market movements.
The management team tracks and analyses macro data that impacts local and global scenarios, identifying ahead of time the best opportunities and investment catalysers.
We search for superior returns and the preservation of an investor’s capital through our rigorous fundamental process and active management of our corporate debt portfolio:
AZ Quest funds have won prizes from specialised publications, recognising the consistency of superior return generation in the long the long term with rigid risk control at each of its stages.
In 2015, AZ Quest won Top Management from magazine ValorInvest in the category of Focused Managers – Equities, one of the most important in the country.
AZ Quest also was awarded the grade LFg2, representing “Very Good” management quality from LF Rating, recognising the commitment of the highest level in ethics and governance, adding to a robust operational infrastructure and technology at AZ Quest.