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Brazilian banks lure top hedge fund talent

hedgeweek

1 month ago

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Brazil’s hedge fund industry is undergoing a sharp reversal, with prominent managers closing or restructuring independent firms and major banks increasingly stepping in to absorb investment teams and strategies, according to a report by Bloomberg.
The shift has been highlighted by Arminio Fraga, one of Brazil’s best-known hedge fund investors, who recently transferred his funds to the asset-management arm of Banco Bradesco.
Fraga, a former Brazilian central bank governor and one-time associate o...

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