Top Brazil Hedge Fund Says It’s Buying Up U.S. Stocks Amid Rout
Photographer: Michael Nagle/Bloomberg
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One of Brazil’s most revered hedge funds has been boosting its bet on U.S. equities.
Verde Asset Management “has been gradually increasing positions in equities, focusing on the U.S. stock market -- which we deem the most resilient and should be the first one to rebound,” the fund said in a monthly note to clients on Monday.