Tue, May 23, 2017
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. Opalesque Exclusive: Time to invest in robotics? (part 1)[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The London-based, Swiss-born manager of the RoboCap UCITS Fund, talks to Opalesque about investing

  2. Investing - Hedge funds have been selling big winners this year, Hedge funds are betting $1 billion that Snapchat shares are going to drop, Here are the biggest bets made by top hedge funds in the first quarter[more]

    Hedge funds have been selling big winners this year From CNBC.com: Hedge fund managers' most popular stock to start the year has been a familiar name that is falling short in terms of performance, while the least popular companies all have been crushing the market. Procter & Gamble

  3. Investing - Third Point's Loeb surfs on as hedge fund washout continues, George Soros has added to his losing bets against the stock market, Hedge funds, VCs and the CIA are throwing money at ex-Bridgewater data scientists' startup, Hedge funds shed retail amid fears of "apocalypse"[more]

    Third Point's Loeb surfs on as hedge fund washout continues From Reuters/Nasdaq.com: Billionaire investor Daniel Loeb said on Thursday that he is still making money even as the hedge fund industry struggles. Loeb, who oversees the $16 billion hedge fund firm Third Point LLC, sa

  4. Investing - Tudor Jones backs AI hedge funds, Massive hedge fund trades highlight insider buying: GE, Pentair, Tempur Sealy, Apollo Global and more, Hedge funds big wigs are buying consumer and selling tech, here's the stocks[more]

    Tudor Jones backs AI hedge funds From FT.com: Hedge fund magnate Paul Tudor Jones has invested in a brace of artificial-intelligence powered "quantitative" hedge funds, underscoring the increasing acceptance that the industry will need to turn more to technology and away from traditional

  5. Opalesque Roundtable: Rise of high-frequency trading in Europe a challenge for traditional asset managers[more]

    Komfie Manalo, Opalesque Asia: The rise of high-frequency trading in Europe, dominating over 80% of the market, has become a challenge for traditional asset managers especially when it comes to risk management, said Philippe Malaise, chairman of advisory firm