Nery Asset Management

Nery runs a fundamental discretionary global macro strategy with a structural concentration in Latin American local markets. The firm trades sovereign local-currency bonds, interest rate derivatives, credit default swaps, and FX, primarily in Brazil and Mexico. Secondary exposures include Chile, Colombia, and Peru, with equities used only opportunistically through liquid indices.

The firm's advantage derives from Eduardo Nery's more than two decades of trading Brazilian public-sector flow and his former role managing the country's largest institutional fixed-income book. This experience provides granular insight into local central bank reaction functions, political economy shifts, and onshore flow dynamics that offshore macro managers often lack.

Nery manages a single direct investment vehicle and does not operate as a fund-of-funds or allocate to external managers as a fee-generating strategy. The firm's investor base is served through its flagship macro fund rather than through a platform of sub-allocations.