Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

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

In the span of three weeks, Brazilian hedge-fund managers went from celebrating some of their biggest gains in years to nursing steep losses and issuing mea culpas to their clients.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

Read the original at bloomberg.com →

More in Finance & Markets

More from Friday 30 October →