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