Mon, May 25, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Other Voices: The Brazil election - Implications of Dilma Rousseff’s victory

Wednesday, November 03, 2010

The following is a research note from Zurich-based asset management firm Arsago, looking at the implications of Dilma Rousseff’s victory in the Brazilian Presidential election.

Summary: We said in the lead-up to the final round of the elections that we did not feel, from the investor’s perspective, there would be an enormous difference between the two candidates – at least over the next couple of years, if at all. Now that the results are concrete, it is worth just investigating some of the concerns and implications a little more closely.

The most commonly aired concerns that we have heard can be listed as follows:

1) Rousseff’s history as a militant leftist guerrilla suggests that she will be less business friendly 2) Related to the above concern are fears that she will be slower to lower taxes and to rein in current expenditure by the government 3) The PT party’s reputation with respect to corruption will continue to hinder the business environment as well as the effectiveness of government, especially with regard to the implementation of necessary reforms 4) The PT party’s acknowledged ambition for a greater role for government, including control of the press, is likely to lead to problems further down the line

Briefly, our own view on the above is that the first three concerns are not only wide of the mark but likely to provide for pleasant surprises. As for......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Comment - Top hedge fund managers talk about how easy their jobs have gotten, BlackRock to Schroders warn of Argentina’s $20bn bond glut, The 35-year “investment supercycle” is drawing to a close, says Bill Gross, Gundlach: When the Fed starts hiking rates, 'GET OUT' of this asset class[more]

    Top hedge fund managers talk about how easy their jobs have gotten From Businessinsider.com.au: Time was, before the financial crisis hit, corporate boards treated multi-billion dollar hedge fund managers like Jehovah’s Witnesses pounding on their doors and flashing bibles. But no more.

  2. T Rowe's challenge to Dell deal may fuel critics of 'appraisal'[more]

    From Reuters.com: An increasingly popular tactic used by hedge funds and others to extract more money from buyouts could soon face a major courtroom test when a big investor in Dell Inc may argue that it should be paid a higher price for the 2013 acquisition of the PC maker. The strategy, known as "

  3. News Briefs - Ergen says LightSquared plan unfairly favors hedge funds, Why hedge fund managers make good advisory clients, I learned a lot about dad-bros after spending 4 days in Vegas with 2,000 hedge funders[more]

    Ergen says LightSquared plan unfairly favors hedge funds LightSquared Inc.’s bankruptcy plan gives hedge funds that invested in the broadband company a leg up while blocking telecommunications firms from competing with it, a fund owned by Dish Network Corp. Chairman Charles Ergen said in

  4. Opalesque Exclusive: SEC approves proposed changes to Form ADV, '40 Act - comment period to follow[more]

    Bailey McCann, Opalesque New York: Hedge funds and providers of liquid alternatives will want to pay close attention to proposed reforms approved by the SEC yesterday. The changes will require more frequent reporting, as well as a closer look into social media, liquid alternative strategies, and

  5. New market regime has created more dispersion between managers[more]

    Komfie Manalo, Opalesque Asia: The month of April has marked the transition toward a new market regime, Philippe Ferreira, Lyxor AM’s head of research, managed account platform, commented in the May 5's Weekly Briefing. "The first quart

 

banner