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.

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