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Brazil takes off, but is this boom for real?

Strong performance draws assets back to hedge funds, but how long can it last?

By John RumseyBrazil is flying high again—financial mar kets are soaring and the hedge fund industry is following suit. After big losses in 2008, Brazilian hedge funds have posted double-digit returns on average this year, and assets are flowing back into the retail-focused market at a fast clip. Thing is,

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