Macro Finance
Hedge Funds in Brazil Reel as Losses Reach 24% After Lula Shock
Bloomberg Markets·October 30, 2026·1 min read
Brazilian hedge-fund managers are reeling after losses reached 24% in three weeks, following a shock from President Lula that reversed earlier gains. Managers who had celebrated some of their biggest gains in years are now issuing mea culpas to clients as the losses mount.
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