Raphael Biderman

Raphael Biderman is a Brazilian-American investment professional with more than three decades of experience in international finance, focused on the U.S. and Brazilian markets. He joined Fairbanks Capital Management in 2015 as a Senior Equity Analyst after a roughly 21-year career on the sell side and in institutional research. He is also described in firm and directory listings as the firm's marketing / international marketing director, reflecting a client-facing role serving Portuguese-speaking and Brazilian clients.

Before Fairbanks, Biderman held senior research roles at several major institutions. At Chase Manhattan Bank he served as Global Vice President responsible for Latin American metals and mining. At the British research boutique Robert Fleming & Co. he was Vice President covering Latin America metals & mining and global steel. At BBVA and BBVA Bancomer he led Latin America research on natural resources, conglomerates, and telecom. Over his career he contributed to landmark transactions including the merger that created ArcelorMittal (the world's largest steel company), the privatization of Vale, an ~$8 billion Nippon Steel–related merger, and a roughly US$12 billion Vale secondary placement. His research earned multiple rankings from *Institutional Investor* magazine as well as Brazilian rankings from Agência Estado, *Institutional Investor Brazil*, and *Investidor Institucional*.

Biderman earned an Executive MBA through Harvard/IPADE, completed graduate coursework in accounting at Fundação Getulio Vargas (FGV) in Brazil, and holds an undergraduate degree in electrical engineering from the University of São Paulo.

Fairbanks Capital Management itself was founded in 1995 by Steven L. Ré, CFA (Founder, CEO and Portfolio Manager), and is an independent, fee-based investment advisory firm managing high-net-worth portfolios with quality/value-oriented equity and fixed-income strategies. The small team also includes Senior Equity Analyst Chris H. Cho, CFA, and Director of Client Services Natalie Rones. The firm uses custodians including Raymond James and Charles Schwab.

• Practices quality- and value-oriented investing in public equities and fixed income on behalf of high-net-worth clients, consistent with Fairbanks Capital's long-standing house style since 1995.
• Personal analytical expertise centers on Latin American natural resources — metals & mining, steel — plus conglomerates and telecom, built over decades of institutional research.
• Serves as a bridge between U.S. and Brazilian markets, helping Portuguese-speaking clients access U.S.-based managed portfolios rather than mainstream retail products (typical minimum account ~$200,000).
• No public evidence of a startup/seed-stage angel thesis, check-size range for private companies, or venture "what makes me say yes" criteria — his stated work is discretionary public-markets portfolio management and equity research.