Brazil Hedge Funds Outperform Benchmark as Bullish Bets Pay Off

A stock market data displayed at the Brasil Bolsa Balcao (B3) stock exchange in the financial district of So Paulo, Brazil. — A stock market data displayed at the Brasil Bolsa Balcao (B3) stock exchange in the financial district of So Paulo, Brazil.
Photographer: Victor Moriyama/Bloomberg

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By Raphael Almeida and Felipe Saturnino

October 20, 2025 at 3:17 PM UTC

Leia em português.

Hedge funds are doubling down on bullish bets in local assets, sticking to a winning strategy that put the firms on track to beat their benchmark for the first time since 2022.