Brazil hedge funds suffer losses of up to 24% following election shock
Brazilian macro hedge funds suffered losses of up to 24% in a single session after President Luiz Inácio Lula da Silva's unexpected re-election triggered a sharp reversal in equities, currencies and interest rate markets, according to a report by Bloomberg. The selloff followed weeks of strong gains driven by expectations that rival candidate Flávio Bolsonaro would secure victory and pursue…
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