After a career of more than 20 years as an award-winning analyst at Bank of America Merrill Lynch and previously at Bear Stearns, Sara Delfim decided to found her own fund manager with her former colleagues Felipe Hirai and Felipe Leal: Dahlia Capital was launched in 2018, one of the first of the wave that continued until 2022 in the environment of unprecedented low interest rates in the domestic market. Sara became a reference and an encouragement for other women working in fund management, a category in which a female presence is still scarce, although growing.