Over three weeks, Brazilian hedge-fund managers went from celebrating some of their biggest gains in years to reporting steep losses and issuing mea culpas to clients, with losses reaching 24% after the Lula shock, according to Bloomberg.
Over three weeks, Brazilian hedge-fund managers went from celebrating some of their biggest gains in years to reporting steep losses and issuing mea culpas to clients, with losses reaching 24% after the Lula shock, according to Bloomberg.