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Matthias Knab reports from Buenos Aires: Copernico Capital Partners (CCP) is a total return Latin American investment manager with a multi strategy approach. The firm was founded in 1999 and is headquartered in Buenos Aires, managing currently around $300m. The company will open an office in Sao Paulo shortly.

Their flagship fund, the Copernico Latin American Strategic Fund, has $180m assets and achieved a net annual return of 15.45% since inception with 93% positive months (26 positive vs. 2 negative) and 3.65% annualized volatility. The firm also runs the Argentina Fund, which is a fix term fund (closed now), investing in Argentina only, and a number of segregated accounts.

CCP combines event driven, momentum driven and current income strategies. The firm has used 27% leverage on average since inception (50% is maximum) and invests in all major South and Central American and some selected Caribbean markets. Ricardo Maxit, founding partner and CIO, pointed out that Copernico is one of the few locally managed and well diversified Latin American hedge funds. The firm employs sixteen people and boasts an extensive network of local contacts and specialists in its investment markets.

Both Maxit and his partner Mariano Caillet-Bois have over 20 years industry experience in the region each. They say the Latin American financial markets can be characterized as one of a "club-mentality", so the networking component and having local sources in all markets is vital. Accordi......................

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