(Reuters) Verde Asset Management SA, Brazil’s largest hedge fund, had a second straight month of gains in May as a global equity market rally helped offset declines in holdings of the Brazilian real and other currencies.
In a letter to investors, money managers led by Luiz Stuhlberger said Verde FIC FIM fund booked a consolidated return of 1.52 percent in May, above the 1.11 percent that Brazil’s benchmark CDI interbank interest rate returned in the period.
