•  
• Tweet
•  
•        Print
•  
•         Track Keywords
•  
• 

From Benedicte Gravrand, Geneva: The hedge fund industry in Brazil is booming. There are now well over 100 hedge funds managing around $18 billion. The Eurekahedge Latin American Hedge Fund Index (www.eurekahedge.com) which has 104 constituents is up 12.09% YTD (August 07). It was up 22.42% in 2006 and 17.99% in 2005. In fact, the index has gone up very steadily since January 2000. One of the well-known names of the industry, Mauá, talked to Opalesque about its products and its take on the economy.

Mauá Investimentos Mauá Investimentos is a Săo Paulo-based hedge fund firm, founded in 2005 by Luiz Fernando Figueiredo, who used to be a partner at Brazilian hedge fund group Gávea Investimentos, and Deputy Governor for Monetary Policy at Central Bank of Brazil (1999 – 2003) – not to mention the two times Master category vice championship of the Water Polo World Championship. The other 12 partners bring a wealth of financial experience in international environments. Mauá Investimentos has several onshore hedge funds and three offshore hedge funds: Mauá Brasil Fund, Mauá Brasil Plus and Mauá Brasil Equities.

The offshore funds The Brasil Fund and the Brasil Plus Fund essentially follow the same investment strategy; fixed-income and equity portfolio and equity arbitrage based on value and event-driven analysis. The funds seek to exploit the differences between Brazilian asset prices in the onshore an......................

To view our full article Click here