Hedge Fund News From HedgeCo.Net

U.S. Hedge Funds Took Profits Out of Brazil in the First Quarter

(Bloomberg) It looks like a smart move in retrospect. U.S. hedge funds reduced equity holdings tied to Brazil by about a net total of $800 million from the start of the year to end of March, according to data compiled by Bloomberg. The profit taking came after a 69 percent surge in Brazil’s benchmark stock index last year.

To read this article:

Related Posts Plugin for WordPress, Blogger...
This entry was posted in Syndicated. Bookmark the permalink.

Leave a Reply