After a winning run early this year, funds focused on Latin
America are giving up ground. Following losses in March, May
and July, Latin America strategies are now up 3.72% YTD,
according to the Hennessee Group. Brazilian-based Investidor
Profissional's IP Investment Fund - Value Brazil II Class lost
1.78% in July, though the fund remains up an astounding 28.52%
YTD. In the winner's column, Brazilian firm Claritas
Investments' Claritas Hedge rose 3.18% for the month to return
10.97% YTD, while the firm's Hedge Long Short was up 1.28% (and
an impressive 9.27% YTD), and the Claritas Hedge 30 gained
3.57% (up 10.86% YTD). Argentina-based Cima Investments'
Aconcagua Fund rose 2.26%...