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Hedge Funds That Nailed Brazil Vote Bet on More Gains Ahead
Source: Bloomberg
Elections & Domestic PoliticsEmerging MarketsDerivatives & VolatilityInvestor Sentiment & Positioning
Brazilian hedge-fund managers who bet on a strong first-round showing by right-wing candidate Flávio Bolsonaro profited from Monday’s historic rally in local markets. They are now fine-tuning derivatives positions that surged in value; the article gives no figures for the gains or specific trades.
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