Thu, Mar 30, 2017
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. Opalesque Exclusive: FS Investments launches energy fund[more]

    Bailey McCann, Opalesque New York: $19 billion Philadelphia-based FS Investments has launched a new interval fund which will invest in energy. The FS Energy Total Return Fund is the firm's first closed-end interval fund and will invest opportunistically in energy companies and assets. FS

  2. Opalesque Exclusive: Aberdeen makes the case for the lower mid-market[more]

    Bailey McCann, Opalesque New York: Aberdeen Asset Management has released a new paper focused on lower mid-market private equity. According to the paper, this segment of the private equity market is gaining popularity with private equity investors that are looking for multiple expansion and less

  3. Hedge funds await outcome of French elections, feel pinch on lower oil prices & weak dollar[more]

    Komfie Manalo, Opalesque Asia: Hedge funds felt the pinch of lower oil prices and weak U.S. dollar as the Lyxor Hedge Fund Index was marginally down as of the week ending 14 March, Lyxor Asset Management said in its Weekly Briefing. The Lyxor He

  4. Opalesque Exclusive: Swiss start-up and German fund manager to launch AI hedge fund[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: NNAISENSE, a Swiss start-up that develops artificial intelligence (AI) and machine learning applications, and

  5. Eric Mindich to shutter hedge fund Eton Park after difficult 2016[more]

    Komfie Manalo, Opalesque Asia: Erich Mindich is shutting down his hedge fund Eton Park after losing 9% in 2016 and its assets falling by $2bn to the current $7bn, Reuters reported. Mindich told investors