Luis Andrés Caputo

Functions as a sovereign level government authority

Provides commercial banking services

Provides electric power distribution services

Functions as a College/University

Operates as holding company whose subsidiaries engages in generation, transmission and distribution of electricity

The investment team at JPMCB-AR operates as part of the emerging market group within the global investment firm JPMorgan Asset Management, based in New York with a network of investment centers worldwide. Their investment approach is value-oriented and aims to take advantage of the inefficiency of emerging markets. Focused exclusively on South American countries, the firm uses regional indexes as benchmarks, namely the MSCI EM Latin America (Total Net Return) for their traditionally-managed equity fund, and the MSCI Brazil 10/40 (Total Return Net) for their Alpha country fund. However they may diverge significantly from benchmarks to seize opportunities identified by the fund managers. The Brazil Alpha Plus Fund follows a blend of long-only and hedge fund strategy, and is invested in 20 to 50 stocks as well as in derivatives. The fund is focused on high-quality, attractively valued stocks throughout Latin America with a strong emphasis on Brazil, and in a lesser measure on Mexico. Sectors favored include materials, financials and energy.