{"id":13479,"date":"2009-12-29T09:04:48","date_gmt":"2009-12-29T13:04:48","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=13479"},"modified":"2009-12-29T09:04:48","modified_gmt":"2009-12-29T13:04:48","slug":"brazil-top-hedge-funds-cut-homebuilders-after-rally","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/12\/2009\/brazil-top-hedge-funds-cut-homebuilders-after-rally.html","title":{"rendered":"Brazil Top Hedge Funds Cut Homebuilders After Rally"},"content":{"rendered":"<p>Business Week &#8211; JGP SA and Polo Capital Gestao de Fundos Ltda., two of Brazil\u2019s best-performing hedge funds, are paring holdings of homebuilders on concern higher interest rates next year may weaken the industry after shares rose 199 percent.<\/p>\n<p>Marcio Roberto Correia, who helps manage the equivalent of $1.6 billion at JGP, cut real-estate stakes almost 50 percent over the past two months in his JGP Equity FIC FI Multimercado fund. Claudio Andrade, who co-founded Polo and runs a fund that beat 98 percent of its peers this year, says prices have risen enough to reflect growth prospects.<\/p>\n<p><a title=\"Read Complete Article\" href=\"http:\/\/www.businessweek.com\/news\/2009-12-28\/brazil-top-hedge-funds-cut-homebuilders-after-rally-update2-.html\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Business Week &#8211; JGP SA and Polo Capital Gestao de Fundos Ltda., two of Brazil\u2019s best-performing hedge funds, are paring holdings of homebuilders on concern higher interest rates next year may weaken the industry after shares rose 199 percent. Marcio [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-13479","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/13479","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=13479"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/13479\/revisions"}],"predecessor-version":[{"id":13480,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/13479\/revisions\/13480"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=13479"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=13479"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=13479"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}