M Square Investimentos Ltda., located in São Paulo, Brazil, provides investment advisory services to privately offered pooled investment vehicles (Funds) and non-US separately managed accounts (SMAs). M Square aims for long-term capital appreciation by allocating capital across a diversified portfolio of third-party investment funds. The firm has broad investment discretion for the Funds, while SMAs allow for some tailoring and restrictions. M Square does not tailor its advisory services to the needs of any individual investors.
Fee Structure
M Square charges management fees and performance fees as detailed in each client's offering documents or investment management agreement. Management fees for the Funds generally range from 0.5% to 1.2% and are deducted monthly in advance. Management fees for SMAs are deducted monthly or quarterly in advance, depending on the agreement. The firm is also entitled to performance-based compensation from the Funds when certain conditions are met.