Founded in 2001 and associated to Grupo Azimut since 2015, AZ Quest is one of the largest and most traditional independent fund managers from Brazil, offering a diversified platform of high-quality products in a range of financial strategies for Equities, Macro, Corporate Debt and Arbitrage. Currently, we boast more than 50 professionals with long market experience gained in some of the most prominent institutions.

Our objective is to offer funds that bring consistent returns over the long term, creating wealth through the excellence of our team. The diversified platform allows applications to be made across the most varied models of products, aligning the allocation of portfolios to the profiles of each investor.

We received “MQ1 (Excellent)”, the highest rating from Moody’s in Management Quality, based upon our disciplined investment management process, high level of experience of our professional staff, solid infrastructure and operational controls, as well as the dedication and support of our controlling partner.

Grupo Azimut


Our history of evolution and
consistent growth.

Quest Investimentos is founded by Luiz Carlos Mendonça de Barros

Launch of 1st Macro strategy fund

Launch of Equity strategy

Launch of Long Short strategy

Link Partners S.A. sell their stake in the company

Inauguration of the Value strategy through the Small Caps FIC FIA

Strategic association signed with BTG Pactual

Azimut Brasil, acquires 60% of Quest’s capital

BTG Pactual and Luiz Carlos Mendonça de Barros leave the corporation

Corporate Debt strategy

Award: Top Asset Equity e ValorInvest

Incorporation of funds from AZ Legan

Award: Top Asset Equity e ValorInvest

Our Investment Philosophy

With a focus on wealth preservation and upon the capacity to generate consistent returns over the long term, AZ Quest’s understanding is that the analysis of the fundamentals is the most adequate form of capturing the best investment opportunities within the different markets. We believe that consistency in performance over the long term is the decisive factor for portfolio results. As we always say:

investment is not a 100-meter dash, it's a marathon

Investment Process

We are a fund manager with a unique investment process, which starts out with the analysis of the macro-economic outlook of the country. From the definition of the investment outlook scenario, each of our teams begins its investment process, in which the fundamental analysis is the principal element for constructing portfolios. The selection of assets takes into account the intrinsic value and level of governance of each of the candidate companies to be included in our portfolios.


Formed by professionals with great market experience, AZ Quest values its human capital as being an intangible asset and seeks to attract and retain talent through a culture of incentives that encourages and rewards meritocracy and teamwork.
The majority of our professionals are partners, in a policy of incentive alignment between managers, shareholders and investors.

Walter Maciel Neto


Gustavo de Alencar Cardoso


Laurence Mello

Corporate Debt Strategy Manager

Welliam Wang - CFA

Equity Strategy Manager

Marco Mecchi

Equity Strategy Macro

Fabio Batista

Head of Arbitrage Strategy

André Muller - Chief Economist

Daniel Borini - Corporate Debt Analyst

Daniel Namur - Junior Equity Analyst

Fernanda Cunha - Senior Equity Analyst

Guilherme Costa - Corporate Debt Analyst

Gustavo Zupo - Arbitrage Trader

Jean Marcondes - Co-responsible for Arbitrage Strategy

João Mamede - Senior Equity Analyst

Juliano Camargo - Economist

Lina Claudia Buares - In charge of Administration, Finance and HR

Mirella Hirakawa - Economist

Erick Takarabe - Risk Manager

Pedro Fortunato - Investor Relations

Rafael Basso - Onshore/Offshore Corporate Debt Trader

Tiago Rangel - Corporate Debt Analyst

Verônica Ladeira - Trader and Corporate Debt Analyst

Vinicius Langoni - Investor Relations