In the span of three weeks, Brazilian hedge-fund managers went from celebrating some of their biggest gains in years to nursing steep losses and issuing mea culpas to their clients.
Hedge Funds in Brazil Reel as Losses Reach 24% After Lula Shock
In the span of three weeks, Brazilian hedge-fund managers went from celebrating some of their biggest gains in years to nursing steep losses and issuing mea culpas to their clients.
This article was originally published by
Bloomberg Markets
and is republished here under license.
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