Tue, May 5, 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. SEC charges funds of hedge funds Alpha Titans, executives, and auditor for improper expense allocations[more]

    Update: Please note the important updated information at the end of the article.The Securities and Exchange Commission today announced charges against a Santa Barbara, Calif.-based hedge fund advisory firm and two executives involved in improper allocations of fund assets to pay undisclose

  2. Swiss group Pictet releases first public annual and financial reports[more]

    Benedicte Gravrand, Opalesque Geneva: Pictet Group, a Swiss private bank, has just released its first public annual report and financial report since it opened for business in Geneva in 1805. I

  3. Opalesque Exclusive: Carne establishes non-EU ManCo in Jersey[more]

    Benedicte Gravrand, Opalesque Geneva: For those managers who will not domicile their fund in the European Union (EU) and yet want to distribute it in the EU – especially the UK –, going under the wing of an AIFMD-compliant ManCo on the Channel Islands could be one of the ways to do it. Ch

  4. Opalesque TV: Aequam Capital: Asset management industry will be mainly quantitative going forward[more]

    Benedicte Gravrand, Opalesque Geneva: Before starting his boutique in 2010, Arnaud Chretien, co-founder and CIO of Aequam Capital, worked ten years as a market trader and 18 years as a quantitative and systematic fund manager for Soc

  5. Class-action lawsuit accuse hedge fund Standard General of holding American Apparel hostage[more]

    Komfie Manalo, Opalesque Asia: A shareholder class-action suit filed on Wednesday accused New York-based hedge fund Standard General of holding American Apparel hostage. It would reportedly reap huge benefits if the clothing company declared bankruptcy. Standard General is the controlling sto

 

banner