Sat, Feb 13, 2016
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. Asia - Hedge fund manager Kyle Bass estimates China's foreign reserves below critical level[more]

    From Nasdaq.com: Investor Kyle Bass stepped up his attack on China's currency, arguing in an investor letter distributed Wednesday that the second-largest economy's foreign reserves are "already below a critical level." The comments mark the latest effort by hedge funds and other investors to raise

  2. Investing - Some hedge funds want to make subprime auto loans next big short, 11 hedge funds that are “all in” on the FANG stocks, Hedge funds short London luxury homes, Cynet raises $7 million from U.S. hedge fund[more]

    Some hedge funds want to make subprime auto loans next big short From Bloomberg.com: A group of hedge funds, convinced they have found the next Big Short, are looking to bet against bonds backed by subprime auto loans. Good luck finding a bank willing to do the trade. Money manage

  3. Investing - Hedge funds see selloff in European bank stocks as buying opportunity[more]

    From WSJ.com: The massive selloff in European bank stocks and bonds is overdone and presents a “phenomenal” buying opportunity, according to some of Europe’s top hedge-fund managers. Despite a 28% slump in European bank stocks this year, including a 38% fall in Deutsche Bank AG and a 34% drop in Soc

  4. Legal - Carlyle accused of fraud by ex-employee, Hedge funds win CDS breach of contract suit against Deutsche Bank, Hedge fund asks for OK on $27.5m Goldman CDO deal, SFO examines Barclays hedge fund profits[more]

    Carlyle accused of fraud by ex-employee From AI-CIO.com: A former portfolio manager claims he was fired for blowing the whistle on “crazy” and “irresponsible” investments. Carlyle Group has been sued by a former portfolio manager for one of its hedge funds, who accused the firm of “knowi

  5. Illiquid assets are all the rage for hedge funds[more]

    From Valuewalk.com: …Institutional investors are increasingly turning to illiquid assets and active management strategies to combat macroeconomic trends, anticipated market volatility and diverging monetary policy, according to a new survey by Blackrock. And this week, Bloomberg has reported that at