Brazil’s Polo Hedge Fund Boosts Bets on Homebuilders
Wednesday, July 29, 2009 : PermalinkBloomberg – Marcos Duarte, co-founder of the $1 billion hedge fund Polo Capital Gestao de Fundos Ltda., is buying more Brazilian homebuilder shares even after the stocks more than doubled this year.
Duarte said the Rio de Janeiro-based firm is buying real estate developers Klabin Segall SA and EZ Tec Empreendimentos e Participacoes SA, adding to bets on the industry that helped his 659 million-real ($348 million) Polo Norte Multimercado LP fund outperform 96 percent of its peers in 2009.
Tags: 1-billion, bets, bloomberg, buying real estate, co founder, duarte, fundos, gestao, hedge fund, peers, polo norte, real estate developers, rio-de-janeiro, stocks
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