Hedge Funds in Brazil Reel as Losses Reach 24% After Lula Shock

Brazilian hedge fund managers experienced losses reaching 24% over three weeks following policy announcements by President Luiz Inácio Lula da Silva. The losses reversed gains the funds had posted in prior periods. Fund managers issued statements to clients about the decline.

• Bloomberg — Hedge Funds in Brazil Reel as Losses Reach 24% After Lula Shock

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