HIX is an independent Brazilian investment manager focused on equities with the objective of obtaining high absolute returns consistently in the long term. HIX’s investment and management DNA is profoundly influenced by its founders’ experience in previous roles as executives in the “real economy”.

DNA & ALIGNMENT

INVESTMENT PROFILE

INVESTMENT PROCESS
AND PORTFOLIO BUILDING


OUR ESSENCE

HIX is a partnership based on meritocracy. We value people who have an ownership mindset and believe that HIX’s success is due to the alignment of a solid culture, excellent team with complementary profiles and a strategy focused on results and our clients.

OWNERSHIP ATTITUDE AND LONG-TERM FOCUS

EXCELLENCE AND RESULT DRIVEN CULTURE

PARTNERSHIP & MERITOCRACY

ETHICS, ALIGNMENT OF INTERESTS AND TRANSPARENCY

OUR TEAM

HIX’s team combines experience in investment and business management, two pillars that differentiate our culture and investment process.


INVESTMENT PHILOSOPHY

We seek to build conviction on our investment thesis through distinctive knowledge of the companies we invest in.

ATTRACTIVE BUSINESS
MODEL

• Clear and sustainable competitive advantages (Legacy Moat)

• Growth opportunities with high return on capital (Reinvestment Moat)

• Recurring and predictable results

COMPETENCE CIRCLE

• We seek to constantly expand our circle of competencies

• We invest in companies that we can evaluate and properly price

• We avoid investment opportunities with pricing based on a binary event

MANAGEMENT AND
GOVERNANCE

• Competent Management

• Alignment of interest amongst controlling shareholders, minority shareholders and management

VALUATION

• We seek a margin of safety, avoiding risk and permanent capital loss

• We price based on fundamentals, and avoid looking solemnly in the rear view mirror

MONITORING AND
PORTFOLIO

• We consistently monitor possible macro and micro catalysts that affect intrinsic value and we take advantage of market distortions

• We seek to set up a portfolio of companies with non-correlated macro and micro risks

• We adjust position sizing based on risk, return and business quality

DISCLAIMER

“Illustrations, indicative values and further information provided herein are for informational purposes only and should not be construed as an advertisement with respect to the purchase or sale of shares of any investment fund. No information provided herein constitutes a solicitation, offer or recommendation to buy or sell shares of any investment fund managed or sponsored by HIX Capital nor should it be construed as such in any jurisdiction where such a solicitation, offer or recommendation would be illegal. None of the information contained herein replaces information in the relevant offering document and further constitutive documents, together with the current financial statements of the relevant fund. All information provided herein is subject to change without notice. Although collected from reliable and selected sources, HIX Capital, its affiliates, directors, officers or employees neither vouch for the accuracy, precision, adequacy or veracity of the information provided herein nor ensure that it is updated. Investors should not follow information presented on this website without professional guidance. INVESTMENT FUNDS’ PERFORMANCE IS NOT GUARANTEED BY THE FUND’S SERVICE PROVIDERS, HIX CAPITAL, THE BRAZILIAN CREDIT GUARANTOR FUND – FGC OR ANY OTHER INSURANCE MECHANISMS WHATSOEVER. Pursuant to the regulations of Brazilian Financial and Capital Markets Entities Association - ANBIMA, an analysis of at least 12 (twelve) months is recommended when evaluating investment fund’s performance. PAST PERFORMANCE OF A FUND IS NO GUARANTEE AS TO ITS PERFORMANCE IN THE FUTURE. No representation is made that any transaction can be effected at the values provided herein. Any offering is made only pursuant to the relevant offering document and further constitutive documents, together with the current financial statements of the relevant fund, if available, and the relevant subscription application, all of which must be read in their entirety. No offer to purchase securities will be made or accepted prior to receipt of those documentation and the completion of all appropriate documentation. THE VALUE OF INVESTMENTS MAY FALL AS WELL AS RISE, INVESTORS MAY NOT GET BACK THE AMOUNT OF MONEY INVESTED AND CURRENCY MOVEMENTS MAY HAVE A NEGATIVE AS WELL AS POSITIVE INFLUENCE ON RETURNS. BEFORE MAKING AN INVESTMENT DECISION, PLEASE READ THE RELEVANT OFFERING DOCUMENT, THE FUND’S RULES AND OTHER OFFERING MATERIALS IN THEIR ENTIRETY. The investment funds herein mentioned may invest in derivative instruments as a part or their investment strategies. Such strategies may result in significant losses for the investors including losses that might exceed the invested capital, obliging the investor to apply additional resources to cover fund’s losses.