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Pushing Brazil forward
After surging in 2009, the country’s managers stalled after developing the world’s sixth-largest hedge fund industry. In an effort to restart, they are trying to move beyond their traditional offerings
By John Rumsey Illustration by Luke BestWhen U.S. citizen Michelle Noyes joined BRZ Asset Management in Brazil’s ?nancial capital, São Paulo, in February last year, she didn’t speak any Portuguese and had only the most tenuous connections to her new home. Today, as she markets Brazilian hedge funds to foreigners,
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