(Reuters) – Bridgewater Associates, the world’s largest hedge fund, has turned bullish on Brazil, arguing that economic growth relative to potential will be the strongest in the world over the next year. Conditions are now in place to reignite the anemic recovery from a 2015-16 recession: foreign debt levels are low, there is plenty room for real yields to fall and market pricing is too pessimistic, Bridgewater said in a note to clients last week.
World’s biggest hedge fund optimistic on Brazil economy, markets
This entry was posted in Syndicated. Bookmark the permalink.
