Opalesque – Singapore-based GFIA, hedge fund and particularly emerging market hedge fund specialists have revisited Brazil, a country that they had dropped from their intensive coverage due to lack of client interest. From 2004 to 2008, the firm were heavily involved in Latin America, advising a fund of Latin hedge funds and keeping an analyst in Sao Paulo.
However the 2008 credit crunch saw a complete change in client interest in the area, so they withdrew to only include coverage of three or four of the larger Latin American funds.
