January 12, 2016 BY Mike Fox

Brazil's largest hedge fund increases bets against euro, real and renminbi

São Paulo-based Verde oversees about 37 billion reals ($9.2 billion) in clients' money. Reports show that Verde Asset Management, Brazil's largest hedge fund based out of São Paulo, has raised up bets against the euro as well as the Brazilian and Chinese currencies on expectations that U.S. interest rate hikes and slumping oil prices would continue…

Read more