(Bloomberg) A growing number of pessimists are bracing to be disappointed by Brazil’s long-delayed pension overhaul. For one of the nation’s most-watched hedge funds, that may be a good thing. The market consensus today is way less constructive than what we saw at the beginning of the year, therefore there’s more room for positive surprises,” Verde Asset Management said in a monthly note to clients Tuesday.
Top Hedge Fund Says Brazil Pessimism Could Bring Happy Surprises
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