Marcos Duarte, co-founder of Brazil-based Latin American event-driven fund Polo Capital Management, says the worst is over. "There have been massive redemptions in emerging markets funds, particularly from foreign investors, and these have created huge disruptions in liquid names in Brazil but the worst appears to be over now and there are opportunities to be had," he says.
Duarte highlights Brazilian financials. "Brazilian large banks have not suffered as much as banks in other parts of the world. Some...
