(Reuters) Verde Asset Management SA, which runs Brazil’s largest hedge fund, sees “good chances” that the country’s central bank will cut the benchmark overnight lending rate by a bigger-than-expected 75 basis points this month in a bid to revive a weak economy. In a monthly letter to investors, money managers led by Luiz Stuhlberger said Verde stepped up holdings of fixed-rate debt on hopes of a bigger rate cut. Verde had already built a sizeable position in inflation-linked debt ahead of the recent start of the country’s first rate-cut cycle in four years.
Hedge Fund Verde Sees Aggressive Brazil Rate Cut This Month
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