(Bloomberg) After 17 years trading Latin American markets at JPMorgan Chase & Co., Giovani Silva is starting his own hedge fund — and eyeing a bet against the Mexican peso as one of his first moves. BlueLine Asset Management, which plans to debut its first fund by the end of May, will have a team of 20 people based in Sao Paulo to place wagers on Latin America’s biggest economies. For some of his first trades, Silva is looking at disappointing growth in Mexico and planning to short the peso and receive rates; he’s also studying Brazilian stocks to identify those most likely to benefit from the government’s efforts to shore up its fiscal accounts.
JPMorgan Veterans’ Hedge Fund Eyes First Target in Mexican Peso
This entry was posted in Syndicated. Bookmark the permalink.
