The portfolio of equity funds slightly outperformed the Ibovespa last year. However, some asset managers managed to beat the index by nearly three timre. Organon reached 61% last year.

In a terrible period for equity funds—when fewer than a third of them outperformed the Ibovespa—asset managers Tarpon and Organon beat the market by a wide margin by investing in stocks like these, which fly under the radar of large funds.