Reported 1 day ago
In 2024, Brazilian hedge funds faced unprecedented challenges as investors withdrew a record $57 billion, primarily due to rising interest rates and a weakened local market. With Brazil's central bank implementing multiple rate hikes, hedge funds struggled to outperform traditional investment options, leading to significant underperformance for the second consecutive year. This massive outflow resulted in a decline in assets under management to their lowest level since 2021, reflecting a tough period mirrored only by the 2008 financial crisis.
Source: YAHOO