Brazil leads the hedge fund field

Of THE 148 hedge funds based in Latin America, only nine are outside Brazil, according to figures from Eurekahedge. Over the past two years, the hedge-fund market in Brazil has become increasingly mature. Multi-mercado funds, which are essentially mutual funds for domestic retail investors that can invest in several asset classes, and predominantly run a Brazil-only macro strategy, number more than 4,000. Onshore hedge funds that have structures similar to those in the US and Europe for high-net-worth clients and institutions number 139, up more than 30% on two years ago.