Brazil hedge funds post best month since 2007 as managers double down on rate bets

Brazil hedge funds post best month since 2007 as managers double down on rate bets

Brazilian hedge funds, notched their strongest monthly performance in nearly two decades in April, as falling interest rates fuelled outsized gains with the Anbima Hedge Fund Index surging by 4% over the month, according to a report by Bloomberg. That performance marked the index’s best return since the its inception in 2007, outpacing the local CDI rate, which rose 1.1%. The performance marked the first time since November that active hedge fun…