{"id":11143,"date":"2009-07-30T00:00:00","date_gmt":"2009-07-30T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"brazils-top-hedge-fund-says-real-rally-almost-over","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2009\/brazils-top-hedge-fund-says-real-rally-almost-over.html","title":{"rendered":"Brazil\u2019s Top Hedge Fund Says Real Rally Almost Over"},"content":{"rendered":"<p>Bloomberg &#8211; Most of the gains in Brazil&#8217;s currency and interest-rate futures markets this year are over, said Beny Parnes, chief strategist at BBM Gestao de Recursos Ltda., manager of Brazil&#8217;s top-performing hedge fund.             <\/p>\n<p>BBM pared back leveraged bets that yields on rate futures will fall and the real will strengthen after its Bahia 1 Fundo Investimento Multimercado jumped 86 percent this year, said Parnes. Bahia 1 has outperformed all 683 Brazilian hedge funds that manage more than 100 million reais ($53 million) as the central bank slashed the benchmark rate five times and the real surged 22 percent against the dollar.     <\/p>\n<p><a title=\"Read Complete Article\" target=\"_blank\" href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601086&#038;sid=a_lK0WVXfDS0\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; Most of the gains in Brazil&#8217;s currency and interest-rate futures markets this year are over, said Beny Parnes, chief strategist at BBM Gestao de Recursos Ltda., manager of Brazil&#8217;s top-performing hedge fund. BBM pared back leveraged bets that [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[310,14743,14741,82,7316,9898,12041,14742,11944,14670,11148,11708,6637,11183],"class_list":["post-11143","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-100-million","tag-bahia","tag-benchmark-rate","tag-bets","tag-brazil","tag-chief-strategist","tag-currency","tag-fundo","tag-futures-markets","tag-gestao","tag-hedge-fund","tag-hedge-funds","tag-interest-rate-futures","tag-rsquo"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/11143","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=11143"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/11143\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=11143"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=11143"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=11143"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}