are surging and good performance is attracting brave U.S. and
By Barry Cohen
Think of San Paulo or Rio de Janeiro and you would be
forgiven if hedge funds did not flash into your mind. Beaches,
yes. Soccer, certainly. But hedge funds? Surely not. Well, a
small band of investors, like the early Portuguese explorers
who discovered the hidden riches of this vast country, are
starting to believe that the Latin American hedge fund boom,
led by Brazil, is worth checking out.
From a low base of only $1 billion of hedge fund assets two
years ago, Brazilian managers now run about $8 billion in
onshore and offshore hedge funds. Furthermore, the growth shows
signs of accelerating with...