Brazilian hedge fund managers begin to look at wider opportunities

Emerging Brazilians

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Until recently the Brazilian hedge fund industry was relatively isolated from the rest of the world, facing restrictions on investments outside the country and limited to what it could do inside the country. Strict controls regulating the flow of capital in and out of the country further hindered managers.

Hedge funds domiciled in Brazil are regulated by the Comissão de Valores Mobiliários (CVM, the Securities and Exchange Commission of Brazil). Funds face some of the toughest restrictions anywhe