Dynamo Letters2025-06-24T09:05:57-03:00

In addition to our usual communication channels with our fund’s unitholders, we have been writing — since the inception of Dynamo Cougar — the Dynamo Letter.

The Dynamo Letter is a publication issued four times a year, in which we analyse topics related to the capital markets and our investments.

Below, you may download the most recent Dynamo Letters. To ensure you receive future publications, subscribe via the Mailing menu.

Letter 96 – Platforms

On the business model of platform companies

Letter 112 – In Times of Climate Change

On climate action urgency and challenges.

Letter 97 – Mutate in Melius

Briefly narrates the trajectory of Mercado Libre and our investment in the Company

Letter 113 – Climate: The Price of Conquest

Discusses carbon prices and carbon markets: their importance and implications

Letter 98 – Melius Cras

Details the analysis of platforms and of Mercado Libre’s business model.

Letter 114 – Dispersed Ownership and Control Revisited (I)

Considers corporate governance issues under the regime of dispersed ownership

Letter 99 – Beginnings and Principles

We take the occasion of Dynamo’s 25th anniversary to go back in time and remember Reports 1 to 16.

Letter 115 – Dispersed Ownership and Control Revisited (II)

Resumes the subject of the previous Report updating the situation of the control and concentrated ownership regime.

Letter 100 – Continuation

Continuing in the opportunity of Dynamo’s 25th anniversary, we recover the main messages of Reports 17 to 32.

Letter 116 – The Web of Complexity

Examines the origins and effects of complexity in companies.

Av. Ataulfo de Paiva, 1235 – 6th Floor
Leblon – Rio de Janeiro – RJ – ZIP 22440-034

+55 21 2512-9394

dynamo@dynamo.com.br

The information contained on this website is provided for informational purposes only and does not constitute an offer to sell funds, nor an endorsement or recommendation to use such information for financial products or investments. Dynamo BEARS no responsibility for any errors, omissions or inaccuracies in the information disclosed. Past performance is not a guarantee of future results. The performance figures shown are net of management and performance fees, but are not net of taxes, performance adjustments or exit fees, if applicable. Investment in funds carries risks. Please read the regulations, bylaws, annexes and appendices carefully before investing. Investments in funds are not guaranteed by the administrator or any insurance mechanism, nor by the Credit Guarantee Fund. Supervision and Oversight: Brazilian Securities and Exchange Commission (CVM) – Citizen Services Portal: www.cvm.gov.br

Investor Services Center: +55 (21) 2512-9394

© Copyright 2025 | Dynamo | All rights reserved | Developed by Ability Soluções

Go to Top