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Top Brazil Hedge Funds See Traders Embracing Lula’s Comeback

  • Lula ‘practically already won’ October vote, Verde says
  • ‘Foreign investors see chance Brazil improves under Lula’: SPX
Luiz Inacio Lula da Silva

Luiz Inacio Lula da Silva

Photographer: Gustavo Minas/Bloomberg
Updated on

Two of Brazil’s most renowned hedge fund managers see markets embracing Luiz Inacio Lula da Silva’s comeback to power if he wins this year’s presidential election, a result they see as practically a given.

Speaking at an event hosted by Credit Suisse Group AG on Tuesday, industry veteran Luis Stuhlberger said the leftist former president, and front-runner for the October vote, is unlikely to adopt radical policies or make sweeping changes if elected.