Brazil Hedge-Fund Legend Increases Bet on Stocks Ahead of Vote

Brazil Hedge-Fund Legend Increases Bet on Stocks Ahead of Vote

Chamber Articles Category: Economic News Post Date: 09/11/18 Source: Bloomberg (via Laura Randall, NewsLetterOnBrazil) By: Vinicius Andrade
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Brazilian legendary hedge-fund manager Luis Stuhlberger is taking advantage of election jitters to step up his bet on stocks.

The "Brazilian market continues on its frantic search to adjust to election odds on a daily basis," Stuhlberger’s Verde Asset Management SA said in a monthly note to clients. The fund took advantage of the Ibovespa’s 11 percent drop in dollar terms last month to "marginally" increase its position on Brazil stocks. Read Full Article