How Brazil’s Gavea Investimentos Plays the Currency Game
The Brazilian asset manager has achieved solid returns by not getting too caught up in the big picture.
Will the yen continue to plummet? Currency and macro traders have a lot riding on the answer, as many of them have benefited greatly from the Japanese government’s effort to drive down the currency and boost the country’s exports.
One macro and currency specialist that is not as concerned with the yen is the Gávea Fund, the Brazilian global macro–emerging markets hedge fund run by Gávea Investimentos.