Economics
Novogratz Sees Brazil Dodging ‘Dark Period’ on Rousseff Loss
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Brazil’s President Dilma Rousseff will lose her election bid, sparking a rally in the country’s stocks and bonds, said hedge-fund manager Michael Novogratz.
“There will be a major rally in Brazilian assets,” particularly equities, the principal of Fortress Investment Group LLC said at the 19th annual Sohn Investment Conference in New York today.