CTM Investimentos is an independent asset management company in Brazil, being founded in 2012 by a group of professionals with experience in managing third-party money in the Brazilian Markets. The investment approach pursued by CTM in respect of each portfolio under management consists of a thorough and in-depth analysis from a macro-economic and political perspective, combined with both fundamental and technical analysis. According to this approach, CTM systematically seeks to identify broad market trends, based on the analysis of the overall macro-economic environments of those countries or geographic areas in which investments are being contemplated. Specialties: For participating in several boards of directors, we are aware of the dynamics of the relationship between controlling shareholders, minority shareholders and the market; For having participated in high profile capital markets transactions, we have a profound knowledge of the Brazilian corporate and regulatory environment.