◆ Governance
Institutional Policies
& Governance
"Scientific rigour and fiduciary duty as the cornerstones of our global practice."
The Founding Principle
Our Commitment to
Truth and Conviction
Skander Capital's governance is not merely a set of corporate rules; it is the formalisation of the philosophy that gave rise to our firm. We were born as a proprietary capital investment vehicle, forged in some of the most complex market environments of recent decades. This genesis shaped our non-negotiable principle of alignment of interests.
"We will be patient when patience is warranted, aggressive when conviction is high and prices are dislocated, and above all, honest about what we know, what we don't know and what we cannot know."
Governance Pillars
Non-Negotiable Structure of Principles
01
Alignment of Interests
Skin in the Game
Skander Capital operates under the fundamental premise that trust requires shared risk. Our partners and key professionals invest a significant portion of their own net worth in our strategies, alongside our institutional clients. Our structure is designed to ensure the firm's exclusive focus is excellence in asset management, operating as a dedicated and independent entity, free from conflicts of interest arising from wealth advisory activities.
02
Allocation Discipline and Conviction
We operate under the unwavering mandate that 'conviction precedes allocation. Always'. Our investment policy requires every thesis to withstand rigorous scrutiny, combining macroeconomic analysis, deep fundamental research and stress testing across multiple scenarios. We do not seek passive market exposure; we seek structural asymmetries that justify deploying capital exclusively in listed and liquid instruments.
03
Risk Architecture and Capital Preservation
Risk management at Skander Capital is not an isolated department, but the primary lens through which all decisions are made. We employ rigorous dynamic hedging and liquidity control policies to engineer consistent returns, regardless of economic cycles. Our primary fiduciary objective is the preservation and expansion of capital in real terms (Absolute Return), protecting assets against tail risks.
04
Institutional Integrity and Compliance
We maintain a global-standard Compliance programme, reflecting our operations across multiple geographies (Brazil, Portugal, Uruguay and the USA). Our internal policies include:
Rigorous AML/CTF Controls: Anti-Money Laundering and Counter-Terrorism Financing, compliant with the regulations of the jurisdictions in which we operate.
KYC (Know Your Client) Procedures: Exhaustive due diligence processes for the admission and monitoring of institutional clients.
Segregation of Functions (Chinese Walls): Strict information barriers and cutting-edge technology infrastructure to ensure confidentiality, discretion and protection against insider trading.
Regulatory Documents and Conduct Manuals
The full versions of our Reference Form, Risk, Compliance and Ethics Code Manuals are available exclusively to our qualified investors and regulatory bodies, upon request.