Hedge Funds

Brazil’s Bresser bounces back


Bresser’s long-biased equity fund was up 80.15% in the first eight months of this year.

Bresser Asset Management, a Sao Paulo-based firm with over $100 million in hedge fund assets plus $45 million in managed accounts and headed by Rodrigo Bresser-Pereira, is taking off in Brazil’s hot market.

Rodrigo cut his teeth in asset management in the 1990s with Banco Matrix, an investment banking boutique led by former economics officials Luis Carlos Mendonça de Barros (former Minister of Communications) and Andre Lara Resende (one of the fathers of the Plano Cruzado and Real). Banco Matrix had one of the most profitable treasury operations in Brazil during the 1990s. At Banco Matrix,