Aline Carnizelo

Portfolio Manager

Pala Investments

Aline is Portfolio Manager of Pala’s proprietary derivatives commodities portfolio within the Liquid Investment Strategy. Aline also leads the risk management and quantitative modelling efforts at Pala.  


Aline has fifteen years of experience in portfolio management, fundamental research, big data forecasting, ESG investing, risk analysis, syndicated finance, debt restructuring, credit analysis, private and equity capital markets.

Prior to joining Pala in 2011, Aline worked at the World Bank, where she managed a portfolio of investments in the manufacturing sector and executed several transactions related to IFC’s climate change mandate.

Before this, Aline was part of the ABN-AMRO Equity Capital Markets team, where she executed several IPOs. Aline also worked on ABN AMRO’s ALM department as senior interest rates trader and liquidity modeler.

She began her career at Louis Dreyfus, where she was responsible for estimating commodities’ demand, with a focus on new technologies such as ethanol, and modelling hedging risk.

Aline Carnizelo