Brazil's plan to overhaul its pension system has become a make-or-break issue for markets, which rally on signs of the bill's progress and sink on its setbacks.
Singapore state investor Temasek Holdings has invested in the $150 million early-stage venture capital fund raised by Monashees, the biggest VC firm in Brazil, focused on backing tech startups in Latin America.
Money has been pouring into Brazil's hedge fund market over the past couple of years, but concerns are rising over just how concentrated these flows are among a few key players and their potential market impact.
U.S. hedge funds reduced equity holdings tied to Brazil by about a net total of $800 million from the start of the year to end of March, according to data compiled by Bloomberg. The profit taking came after a 69 percent surge in Brazil’s benchmark stock index last year. The pullback from Brazil seemed well timed Thursday, as the Ibovespa gauge plunged 16 percent in dollar terms amid a rout in the country’s assets as a political crisis enveloped President Michel Temer and threatened to derail his push to shore up government finances. Oil producer Petroleo Brasileiro SA and lender Banco do...
SAO PAULO May 8 Verde Asset Management SA, Brazil's largest hedge fund, sees lingering risks that Brazilian lawmakers will further water down government efforts to streamline the social security system, a move that could hamper austerity efforts in Latin America's largest economy. Investors have been "complacent" with the negotiations as
Santander Bank has launched an initiative to foster technology ventures in Brazil and develop new ways to improve banking relationships with individuals and other businesses.