Economics
Hedge Fund Veterans See Argentina as Cautionary Tale for Brazil
- Weak economic growth could jeopardize reforms, Truxt says
- Rio-based asset manager warns of growing external headwinds
This article is for subscribers only.
Fund managers Jose Tovar and Bruno Garcia have endured all the ups and downs Latin America has thrown at them in recent years, from populist governments to soaring inflation and countless sketchy economic plans.
This year, the founders of the Rio de Janeiro-based asset-management firm Truxt Investimentos are especially concerned about the slow pace of recovery for the region’s largest economy. And they believe the turmoil taking place in Argentina is sending a message to Brazil’s President Jair Bolsonaro: growth needs to pick up for the government’s market-friendly agenda to succeed.