Greg Coffey’s Hedge Fund Says Markets Are Wrong on Brazil Rates
- Kirkoswald says dynamics call for more aggressive rate cut
- Macro trader’s hedge fund has posted double-digit returns
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Macro trader Greg Coffey is betting there’s room for Brazil’s central bank to embark on a much more aggressive easing cycle when policymakers gather next month.
Coffey, whose Kirkoswald Asset Management has posted double-digit returns the last four years, said Brazil’s central bank would be “fully justified” in cutting interest rates by a full percentage point at the next meeting, according to an excerpt of an investor letter seen by Bloomberg.