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

· bloomberg.com · popularity 34/100 · 0 similar stories today · Wealth, Power & Society (Society, Rights & Work)

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Summary

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.

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