Free Trial

Brazilian Fund Favours Short USD/EMFX, Positive On BRL

BRAZIL

From a Bloomberg report: Brazilian hedge fund manager Vinland Capital said its Vinland Macro FIC FIM fund has short positions on the U.S. dollar against developing-nation currencies, especially BRL.

  • Fund has most of its allocations outside Brazil, is slightly net long on the Brazilian stock market, favoring commodity-linked names.
  • Fund has long positions in U.S. tech companies.
  • Brazil’s central bank has signaled a slowdown in pace of interest rate hikes, and its communication risks de-anchoring inflation expectations, according to the fund. (BBG)

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.