Fama LatAm Climate Turnaround – Relatório de Gestão 1º tri 2026

We are pleased to share the Management Report of the Fama LatAm Climate Turnaround Fund (CTF), for the first quarter of 2026.

The geopolitical backdrop during the period, marked by the closure of the Strait of Hormuz by Iran in response to the joint U.S. and Israeli attacks, reinforces the climate transition as a thesis of energy security and industrial competitiveness.

This view is a central theme of this edition’s CIO Letter and has direct implications for the portfolio, which remains positioned in incumbent companies operating in essential sectors of the economy, exposed to themes such as food security, agricultural credit, traceability, water security, climate adaptation, and infrastructure.

Throughout the report, we detail portfolio company performance, progress in active engagement, and the ability of these businesses to turn this new environment into competitive advantage. The CTF’s approach remains guided by the anticipation of structural change and long-term value creation.

We wish you an excellent read.