Patria Investments Limited (PAX), one of the few Brazilian private market investment firms listed directly on a US exchange, saw its stock price surge 3.23% on Tuesday, closing at $11.17. The move reflects continued investor reaction to the fundamental strength shown in its second-quarter (Q2 2024) earnings report and a newly confirmed capital management strategy. The Brazilian alternative asset manager, which trades on the Nasdaq alongside the **Brazil ETF**, has attracted attention after reporting strong growth in core metrics and reaffirming its full-year guidance on August 1, 2024.