Published Oct 30, 2026, 10:29 AM ET · Updated 14 days ago · 1 source

Hedge Funds in Brazil Reel as Losses Reach 24% After Lula Shock

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Hedge Funds in Brazil Reel as Losses Reach 24% After Lula Shock

In the span of three weeks, Brazilian hedge-fund managers went from celebrating some of their biggest gains in years to nursing steep losses and issuing mea culpas to their clients.