Our team
We are a diverse team with solid experience in investment management, statistical modeling, data science and risk. We have decades of systematic investment management experience in Brazil and abroad.
Marcello Paixão – Investment Management and Research on Risk Factors
- Co-founder of Bayes CM in January/2020.
- Pioneer in systematic investment management in Brazil since 2004.
- Former partner at Constancia Investimentos until January/2020, where he brought the systematic factor models from Principia in 2014.
- Developed the first systematic mandate for equity investments in Brazil, for a large public pension fund.
- Co-founder of Principia CM in 2004, where he developed and managed high-frequency statistical arbitrage strategies (between 2004 and 2010), and equity risk factor trading strategies (between 2010 and 2014)
- Former CIO of Maxblue by Deutsche Bank, first open financial platform (2001)
- Worked with derivatives in the 1990s for Santander Bank (Madrid and NYC) and Merrill Lynch (NYC and São Paulo).
Marcello holds a MSc in Applied Mathematics from USP (Brazil), MBA in Finance from Columbia University and a BSc in Industrial Engineering from UFRJ (Brazil).
Denis Lee – Risk Management
- Co-founder of Bayes CM in January/2020
- Co-founder of Principia CM in 2004
- Derivatives head trader at Merrill Lynch in NYC and São Paulo.
Denis holds a PhD in Bioengineering from Columbia University, MBA in Finance from Columbia University, and a BSc in Bioengineering from University of California (San Diego).
Helder Palaro – Investment Management and Research on Risk Factors
- Co-founder of Bayes CM in January/2020.
- Independent systematic trader between 2014 and 2020.
- Developed a global adaptive risk parity strategy with global futures since 2018.
- Developed and traded a volatility arbitrage strategy with options on futures, with realized Sharpe Ratio of 1.6 in the 2014-2018 period.
- Developed a risk-distribution replication system, adopted by the AC Risk Parity family of funds from Aquila Capital, Hamburg, Germany.
- Worked as a quantitative research analyst for AHL, Man Group, London, where he studied systematic strategies in the areas of volatility arbitrage and trend-following.
Helder holds a PhD in Finance from Cass Business School (London) and MSc and BSc degrees in statistic from Unicamp (Campinas, Brazil).
Lucas Santiago – Data Sciences and IT
- Co-founder of Bayes CM in January/2020.
- Worked on electronic systems for the pre-salt industry and the internet of things, between 2016 and 2019.
- Developed breaking systems for BMW in Germany between 2012 and 2015.
Lucas holds a MSc in Electronic Engineering from TH-Ingolstadt (Germany) and a BSc in Electrical Engineering from PUC (RJ, Brazil).
Luca Farah – Data Sciences and IT
- Began working at Bayes CM in August 2021.
Luca holds a BSc in Computer Engineering from Insper (SP, Brazil).