Vinland Capital, a prominent Brazilian hedge fund, is making significant strides towards broadening its global reach by contemplating the establishment of an office in New York, according to sources familiar with the fund’s plans. This strategic move comes as Vinland seeks to strengthen its ties with its existing institutional clients in the United States and explore avenues for further expansion into international markets. Currently managing assets totaling around 14 billion reais (equivalent to approximately $2.8 billion), Vinland has already established a noteworthy presence in Brazil’s financial landscape, garnering recognition for its astute investment strategies and robust performance.
The decision to open an office in New York aligns with a broader trend observed among Brazilian hedge fund firms, as many are actively seeking to bolster their global footprint and tap into new opportunities abroad. For instance, Kapitalo Investimentos Ltda., another prominent player in the Brazilian financial market, announced plans last year to establish a presence in New York, underscoring the growing importance of international markets for Brazilian asset managers. Similarly, SPX Capital has been operating in the United States since 2017, further highlighting the appeal of expanding into the world’s largest financial hub.
Despite its ambitious international expansion plans, Vinland and other Brazilian hedge funds are facing challenges on the domestic front, particularly in light of a recent surge in redemptions. This trend can be attributed to the prevailing high-interest-rate environment in Brazil, which has dampened local investors’ appetite for riskier financial products. Nevertheless, Vinland remains committed to navigating these challenges while capitalizing on its strong track record and expertise in the global financial markets.
Founded in 2018 by Andre Laport, a former partner at Goldman Sachs Group Inc., and James Oliveira, formerly a controlling partner at Banco BTG Pactual SA, Vinland has rapidly emerged as a leading player in Brazil’s hedge fund industry. Leveraging their extensive experience and deep understanding of global financial markets, Laport and Oliveira have positioned Vinland as a formidable force in the investment landscape, poised for further growth and expansion on both domestic and international fronts.