With a Brazil investment, where is the bottom? “The situation in Brazil remains disquieting,” a recent investment letter from SPX Capital, a leading Brazilian hedge fund said. Brazil is in the middle of a democratic struggle, where both supporters and detractors of current Brazilian President Dilma Rousseff have taken to the streets in the millions to express their views. Prosecutors have charged the former popular President Luiz Inacio Lula da Silva with hiding assets from authorities. Lula's protege and successor of the Worker's Party mantle is Rousseff, who faces impeachment proceedings in Congress. This volatility...
Brazil Investment A Troubled Prospect, As Verde Reduces Equity Exposure
Mark Melin
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Subscribe and get an extra 30% off annual with code LETTERSMark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.