# Verde Asset Management

Verde Asset Management is a Bank / Wealth / Trust based in Sao Paulo, Brazil.

## Overview

- **Organization type:** Bank / Wealth / Trust
- **Headquarters:** Sao Paulo, Brazil
- **Region:** Latin America
- **Address:** São Paulo, SP, Brazil
- **Founded:** 1997
- **Assets under management:** $10B–$30B (Altss estimate)
- **Website:** verdeasset.com.br
- **LinkedIn:** https://www.linkedin.com/company/verde-asset-management

## Regulatory record

- **CRD number:** 171608
- **Registration status:** APPROVED
- **Latest Form ADV filing:** 2026-03-30T05:00:00.000Z
- **Reports private funds:** Yes
- **Private funds reported:** 0
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/171608

## About

Founded in 1997 by Luis Stuhlberger, Verde Asset Management evolved from a proprietary credit desk at Banco Hedging-Griffo into an independent multi-strategy house. Stuhlberger, an engineer by training, began managing the Verde fund within the bank before spinning out the platform. Today, Verde sits among the largest independent managers in Brazil by outside capital — distinct from bank-affiliated peers — and draws institutional allocators alongside domestic private wealth. The firm runs a diversified book across liquid macro, Brazilian and global equities, private credit, and real estate. The flagship Verde FIC FIM anchors the platform as a global macro vehicle, historically allocating to currencies, rates, equities, and commodities across both developed and emerging markets. Verde also manages dedicated long-only equity strategies and has expanded into illiquid credit through direct origination and real estate via structured vehicles. Confirmed portfolio exposures have spanned Brazilian government bonds, US treasuries, gold, and listed Brazilian corporates, with tactical positioning shifting across cycles. The firm operates from São Paulo with a team built over two decades of Stuhlberger's tenure, though headcount is not publicly disclosed. Adjacent vehicles include a long-only equity fund branded Verde AM Equity and illiquid credit funds launched in partnership with Bradesco. In September 2024, Verde announced the departure of veteran portfolio manager Pedro Jobim, who had co-managed the flagship fund alongside Stuhlberger since 2011, prompting board-level succession adjustments (per Valor Econômico, September 2024). Verde's structural differentiator lies in a single-CIO macro model now rare in the institutional world. Stuhlberger has retained final investment authority on the flagship fund for over 27 years, while building a multi-asset platform around it. The firm operates with an independent partner-owned structure — no controlling bank or insurer — which distinguishes it from the Brazilian market's historically concentrated management landscape and gives allocators direct exposure to one of the longest continuously managed macro track records in emerging markets.

## Sectors

- Hedge Funds
- Private Credit
- Real Estate
- Public Equities

## People

- Luis Stuhlberger — CEO and CIO

## Questions

### Who runs investment decisions at Verde?

Luis Stuhlberger is the founder, CEO, and Chief Investment Officer, retaining final investment authority over the flagship Verde FIC FIM fund. In September 2024, co-portfolio manager Pedro Jobim departed, further consolidating Stuhlberger's direct oversight of the macro book while other senior PMs run equity and credit sleeves.

### Does Verde manage illiquid strategies alongside its macro fund?

Yes. Beyond the liquid macro flagship, Verde runs long-only equity strategies, private credit vehicles that originate loans directly, and real estate funds. The credit arm has historically partnered with Bradesco on illiquid credit funds, broadening the platform beyond daily-liquidity products.

### How does Verde source investment opportunities?

The macro fund sources globally through exchange-traded and over-the-counter instruments, relying on Stuhlberger's top-down thematic framework. Private credit and real estate strategies originate domestically, leveraging Verde's São Paulo-based team and relationships with Brazilian corporate borrowers and developers.

## Related profiles

- [Verde Capital Management](https://altss.com/profile/verde-capital-management)
- [Vereinigte Volksbank Raiffeisenbank eG](https://altss.com/profile/vereinigte-volksbank-raiffeisenbank-eg)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/verde-servicos-internacionais-s-a

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