Patria Investments Limited (PAX), one of the largest and most established alternative asset managers focused on Latin America, saw its shares surge 3.23% in Tuesday trading, closing the day at $11.17. The move is a continuation of positive momentum following the company's recent release of second-quarter financial results, which showed robust growth and put the Brazilian firm on track to meet its full-year guidance. As a Brazilian company with a primary listing on the NASDAQ, PAX is one of the few Brazilian equities that US retail investors can trade directly, bypassing the need for American Depositary Receipts (ADRs).