Aline Carnizelo Email and Phone Number
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Aline combines a strong analytics background with advanced mathematics/AI to manage an absolute return cross-commodities fund. She is Managing Partner and Founder of Frontier Commodities, which has achieved a 18% IRR and a 6.4x overperformance against the benchmark since inception, using half of the index’s volatility. Aline has conceptualized and developed Frontier Commodities’ unique “quantamental” trading style and volatility management systems. The strategy provides investors an enhanced return to risk exposure to themes as higher inflation, energy transition, geopolitical risk hedges, agriculture commodities volatility and carbon allowance market growth. Prior to Frontier, Aline worked at the World Bank -IFC where she managed a portfolio of investments in the manufacturing sector and executed several syndicated loan transactions related to IFC's energy efficiency and climate change mandate. She was also responsible to manage and report the development outcome of her portfolio at IFC.Before this, Aline was part of the ABN AMRO Equity Capital Markets team, where she executed several IPOs. Aline also worked on the treasury/ALM department as interest rates and liquidity risk modeler.She began her career at the Louis Dreyfus Group in Brazil, where she worked as an economist responsible for estimating commodities’ demand and modelling hedging risk.Aline holds BSc in Economics, a MS in Finance and Risk Management and a MBA from the IE Business School, graduated with honors. Finally, Aline is also the President and Board Member of the TG Foundation, who works to support women entrepreneurs in developing countries.
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Managing PartnerFrontier Commodities May 2024 - PresentFrontier Commodities is an investor specializing in absolute-return commodity strategies. We invest across a broad range of commodities including metals, energy, environmental and agricultural commodities. -
Head Of Commodities, Managing DirectorPala Investments Jan 2023 - Present6300 Zug, Ch- Head of the Frontier Commodity Strategy within Pala Investments. The fund is a long-short absolute return portfolio which has overperformed the benchmark since inception. The fund invests in energy, metals, bulk, agricultural and environmental commodities. With her team, Aline applies a “quantamental” investment strategy, based on macro/microeconomic fundamentals and executed through advanced mathematics/ big data analytics. -
Portfolio ManagerPala Investments Sep 2014 - Jan 20236300 Zug, ChResponsible for industrials, basic material, and commodity investments at Pala, focusing on the renewable energy, carbonomics and electric vehicles supply chain, including: - Derivatives trading: Head trader of futures, options, and structured finance instruments. - Global Equities Portfolio: Large exposure in US, European and Latam markets. - Physical metals book: Portfolio manager of a physical metal exposure which includes base metals, minor metals and rare earths. - Market risk management: Value at risk & stress test models development and management. Also responsible for operational risk management, liquidity planning, private equity hedging optimization and strategy.- Neural network programming: Development of artificial intelligence algorithms for trading applications. -
Lead EconomistPala Investments Sep 2013 - Sep 20146300 Zug, Ch- Private equity origination and proprietary research : Development of investment themes that feed into Pala’s origination strategy, through the analysis of macro trends, technology innovations and geopolitical risks. Focused on investment research related to decarburization- Global economics forecasting & big data analysis: market monitoring tools, detailed demand, supply and cost models. Coverage of macro data, nickel, copper, cobalt, tungsten, tin, TiO2, lead, silver, zinc, bauxite, iron ore, rare earths and minor metals. - Risk Management: Responsible for hedging strategy. - Country risk analysis: Including regulatory environment, safety rating, environmental controls, fiscal policies, sovereign risk and exchange rate dynamics. -
Private Equity OfficerPala Investments Feb 2012 - Aug 20136300 Zug, ChResponsible for the following:- Active business development, analysis and execution of private equity and structured finance investment opportunities.- Coordination of investment due diligence process.- Corporate governance development for investee companies, including acquisition finance, board reporting, CSR program development & execution, construction management, budget control, and systems' enhancements.- Coaching and on-the job mentoring of a team of 4 analysts. -
Mba Summer AssociatePala Investments Jul 2011 - Aug 20116300 Zug, Ch- Conducted sector reviews. - Conducted several company valuations and reviews of investment opportunities.- Involved in business development. -
Investment Banker For Manufacturing And Services SectorIfc - International Finance Corporation 2008 - 2010Washington, Dc, UsA World Bank Group Company - Executed investment proposals & managed a portfolio on the Manufacturing and Services Sector in Latin America. - Worked with the following investment products: straight loans; syndicated loans; mezzanine financing (convertible and high-yield); and equity investments. - Worked in the supervision of a portfolio that amounted to approximately USD 500 million, out of which 40% were equity investments. Conducted quarterly credit analysis, maintained constant contact with clients, monitored the clients’ liquidity and overall operational performance. - Participated in a corporate and loan restructuring process, developed models for non-performing loans and loan loss reserves. - Conducted the sales process of part of the department’s equity portfolio. - Worked directly with the industry specialists, environmental engineers, and insurance specialists. - Coached two subordinates. - Measured the development outcome matrix of each investment. -
Equity Capital Markets AnalystAbn Amro Bank N.V. Feb 2007 - Feb 2008Amsterdam, NlOrigination and execution of equity capital markets offerings.Main offerings executed: - MRV IPO (Sector:Real Estate; Country: Brazil; Date: July 2007): an USD550 million offering, ABN as Lead Arranger.- Marfrig IPO (Sector: Meatpacking; Country: Brazil; Date: June 2007): an USD470 million offering, ABN as Lead Arranger. - Additional 16 offerings as Co-Arranger. -
Corporate Banking: Management Program/ TraineeAbn Amro Bank N.V. Jan 2006 - Jan 2007Amsterdam, NlA competitive job rotation program with 1,000:1 candidate/position ratio. The program included personalized coaching from ABN AMRO’s Head of Risk Department and Vice-President of Sustainability.Main work developed:Asset and Liability Management/ Capital Management Department (ALM):- Structured a new modeling of Non-Maturity Products.- Prepared the material presented on the Asset Liability Decision Committee (Alco). - Supported the pricing of the secondary market loan sale. Investment Products Department:- Structured a new investment product for retail banking, the “Protected capital multi-markets funds”. -
Economist And Risk AnalystLouis Dreyfus Commodities Dec 2004 - Dec 2005Rotterdam, South Holland, NlSupported trading activities and developed economic models focused on risk management and demand estimation for the company’s various sectors. Main accomplishments: - Risk Management Department: Estimated soybean basis risk; calculated daily Value at Risk (VAR) of the financial and commodities desks. - Financial Desk Department: Estimated Brazil’s main macroeconomic indicators (GDP, IPCA, IP).- Cotton trading: Forecasted Brazil’s cotton consumption. -
ConsultantInsper Jr Consulting Nov 2003 - Dec 2004São Paulo, São Paulo, BrSmall consulting firm created by the university’s students and supported by the university’s professors, focused on small/ middle size companies and venture capital. Main Activities: Negotiated, executed and coordinated consulting projects in various sectors. Projects executed: - Business plan for a luxury meat packing company; - Marketing plan for a retail coffee shop; - Market analysis of the organic food sector in Sao Paulo- Brazil; - Repricing of the Insper Consulting’s products.
Aline Carnizelo Skills
Aline Carnizelo Education Details
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Ie Business SchoolFull-Time International Mba -
Fundação Dom CabralFinance And Risk Management -
Instituto Educacional Bm&FbovespaDerivatives And Option Pricing -
Insper Instituto De Ensino E PesquisaFocused On Macroeconometrics
Frequently Asked Questions about Aline Carnizelo
What company does Aline Carnizelo work for?
Aline Carnizelo works for Frontier Commodities
What is Aline Carnizelo's role at the current company?
Aline Carnizelo's current role is Managing Partner Frontier Commodities.
What is Aline Carnizelo's email address?
Aline Carnizelo's email address is al****@****.com.br
What schools did Aline Carnizelo attend?
Aline Carnizelo attended Ie Business School, Fundação Dom Cabral, Instituto Educacional Bm&fbovespa, Insper Instituto De Ensino E Pesquisa.
What are some of Aline Carnizelo's interests?
Aline Carnizelo has interest in Education.
What skills is Aline Carnizelo known for?
Aline Carnizelo has skills like Valuation, Corporate Finance, Private Equity, Financial Modeling, Capital Markets, Due Diligence, Risk Management, Financial Analysis, Investment Banking, Equities, Strategy, Strategic Planning.
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