Global Edge

About

Global Edge is the advanced research block of LIS, bringing together six departments: Portfolio Management, Macro Research, Risk Management, Quantitative Research, Alternative Investments, M&A. This integrated structure fosters technical excellence, cross-departmental integration, and professional-standard research, preparing members for the demands of global financial markets.

Sub-departments

• Portfolio Management The Portfolio Management Board combines insights from all departments to design and oversee LIS’s portfolio strategy. Bringing together heads and senior members, it integrates macro research, equity analysis, quantitative trading, and risk management into a balanced and cohesive investment approach.
• Risk Management The purpose of our Risk Management Team is to measure and mitigate risk in our portfolios and equity products using quantitative and qualitative measures. We use advanced statistical tools such as VaR, Expected Shortfall, Stress Simulations to model risk at both Asset and Portfolio levels.
• Quantitative Research Our Quantitative Research team covers the screening of equities, backtesting of valuations and building factor models through data-driven modeling and coding methods. Testing the applications of Mathematics in investment strategies, forecasting exits, and analysing alternative data. It's analysis of ERP, FX, and Fixed Income supports the Portfolio Management and Macroeconomic Departments.
• Macroeconomic Research The team produces our published macroeconomic reports and monthly newsletters, alongside its inside valuation of FX and Fixed Income. Coverage includes geopolitics, industries, and commodities, providing top-down insights that support both portfolio strategy, and equity analysis.
• Alternative Investments The Alternative Investments team focuses on Real Assets, Private Equity, Real Estate, Commodities, Hedge Funds, Private Credit, and Digital Assets, combining hands-on modelling with strategic analysis. Through projects such as deal evaluations, LBO case studies, and monthly outlooks, members gain exposure to private markets and advanced financial modelling techniques.
• M&A The M&A team focuses on Deal Origination, Valuation, Merger Modelling, Synergy Assessment and Deal Structuring, combining transaction analysis with strategic rationale. Through projects such as deal teardowns, accretion/dilution models, and monthly deal flow reviews, members gain exposure to live transaction activity and the modelling standards used in advisory work.
• Sustainable Finance The Sustainable Finance team focuses on ESG Integration, Climate Risk, Regulatory Frameworks and Impact Investing, combining company-level assessment with the disclosure rules that shape reporting. Through projects such as ESG scorecards, controversy screens and thematic reports, members gain exposure to how sustainability factors enter valuation and portfolio decisions.

Insights

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Team

• JT

  João Tonin

  Co-Head of Global Edge, Head of M&A

  João Tonin is an Economics graduate from ISEG - University of Lisbon, currently pursuing a Postgraduate Programme in Financial Analysis. His background combines M&A, financial markets and investment research, with experience spanning both professional and student-led environments. He currently serves as Head of Global Edge and Head of M&A at Lisbon Investment Society. João previously worked as an M&A Summer Analyst at overA Capital, the second-largest M&A boutique in Brazil, gaining experience in sell-side transactions, valuation and financial modelling across multiple sectors.

• RV

  Raul Vasconcelos

  Co-Head of Global Edge, Head of Alternative Investments

  Raul Vasconcelos is Head of Alternative Investments at the Lisbon Investment Society and a former President of the society. After completing his BSc in Finance at ISEG, he is now pursuing an MSc in Mathematical Finance there, where he also serves as a tutor and grader for Advanced Corporate Finance. He has hands-on credit analysis experience from BNP Paribas and is a CAIA Level I candidate. At LIS, he oversees the department's work across private equity, private credit, venture capital, real estate, digital assets and commodities, and helps with the final review of its deal projects and publications

• CL

  Cristina Lin

  Co-Head of Global Edge, Head of Risk Management

  Cristina is an Applied Mathematics graduate and is currently taking a Master's in Mathematical Finance. She has been at LIS since 2023, having been Head of Equity Research and Vice-President in past terms. Cristina has headed Risk Management since the department's inception. Cristina was part of LIS' BNP 5² Champion team and a recipient of LIS' CFA Level I Scholarship, for which exam she is currently a candidate. Cristina brings years of expertise interning at BNP, as well as 3 years of serving on LIS' Board of Directors.

• 

  Miguel Gomes

  President

  Miguel has been in the association since 2024, having served as Head of Global Edge, Equity Research Team Leader and M&A Lead. Miguel is a Finance Graduate from ISEG and is currently studying Master's in Management, there. Miguel is a CFA Level I Candidate, following a Scholarship granted by LIS in 2025-2026. At ISEG, he currently serves as a tutor for the Corporate Finance subject.

Role progression