Sao Paulo
IN the depths of Brazil's world worst market sell-off last year, hedge fund manager Luiz Fernando Figueiredo made a bold call. All the fretting about a dangerous financial crisis was way overblown, he said, and markets were ready to rebound.
Now, after outsize rallies this year across Brazilian financial markets, Mr Figueiredo does not talk like a man who is ready to cash in his chips. He argues that there are more profits to be made, particularly in the currency, because the country's 14.25...
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