Tue, Aug 4, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Some Brazil hedge funds are doing fine

Wednesday, August 15, 2012

Benedicte Gravrand, Opalesque Geneva:

As the slowing down Brazilian economy may be starting a recovery, and as its equity market recently leaped up, Brazil-focused hedge funds are following suit.

Claritas’ Brazil hedge funds, for one, are doing very well. The firm’s long/short market neutral fund is up 0.46% MTD (as at 8th August, 2012), 3.69% YTD (96% since Dec-01 inception). The equity arbitrage fund is up 0.88% MTD, 12.13% YTD (11.5% since Feb-10 inception). The macro fund is up 1.64% and 8.10% YTD (220% since Aug-02 inception). And the fund of funds gained 0.11% and 3.32% YTD (21% since Aug-08). The only fund that is down YTD is the Class Brazil Equities (-4.66% YTD). Comparatively, the Ibovespa (USD) is up 6.26% MTD and -3.89% YTD.

Brazilian fund manager Claritas was partly acquired by US-based asset and pension fund manager Principal Financial Group, which last month told the Financial Times they were looking to expand in Latin America through further acquisition. According to the paper, Principal’s interest comes as multinationals are increasing direct investment in Brazil in spite of a slowdown in economic growth in Latin America’s largest market.

The Blue Marlin FIC FIA, managed by Rio de Janeiro-based Marlin Investimentos, is another Brazil-focused fund that did......................

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. Activist News - Celgene says patent-fighting hedge fund manager wants to short its shares[more]

    From Reuters.com: Celgene Corp, one of the world's largest biotechnology companies, has accused U.S. hedge fund manager Kyle Bass of attempting to profit from his attempts to wipe out several major drug patents through his Coalition for Affordable Drugs. The company asked the U.S. Patent and T

  2. Einhorn's Greenlight Capital hedge fund slumps 6.1 percent in July[more]

    From Reuters/Thefiscaltimes.com: Hedge fund mogul David Einhorn's Greenlight Capital slumped 6.1 percent in July and is now down 9 percent for the year after gold, one of the fund's top holdings, tumbled to five-year lows last week. Greenlight notified clients of its returns late on Friday, ac

  3. Performance - Some hedge fund small-cap energy stocks have been free falling, Dan Loeb's simple strategy destroys the market, Baupost lost 1.4% last quarter as energy bargains proved elusive[more]

    Some hedge fund small-cap energy stocks have been free falling From Marketrealist.com: According to a July 28, 2015, Bloomberg article, there was a 34% fall in small-cap energy stocks over the past three months. These shares are tracked by the Russell 2000 Energy Index. Small-cap energy

  4. Legal - Hedge funds hit Rothstein Kass with $75m malpractice suit, JPMorgan questioned on private bank’s hedge fund disclosures, Kijani fund, seized by regulators in Cayman Islands, spotlights risks in lightly regulated market[more]

    Hedge funds hit Rothstein Kass with $75m malpractice suit From Law360.com: Two investment funds have sued Rothstein Kass & Co. PC for at least $75 million, claiming the New Jersey auditing firm committed accounting malpractice by failing to properly scrutinize overblown valuations of the

  5. Assets - Hedge funds are getting smoked by the commodities slump, Global ETF assets could more than double by 2020[more]

    Hedge funds are getting smoked by the commodities slump From Businessinsider.in: The collapse in commodity prices has burnt another hedge fund. Vermillion, a commodity hedge fund backed by Carlyle Group, has seen its flagship fund's assets fall from nearly $2 billion to less $50 million,

 

banner