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1 week ago | 
bloomberg.com | Leda Alvim |Felipe Saturnino |Cristiane Lucchesi
Arminio Fraga(Bloomberg) -- Gavea Investimentos Ltda., the hedge fund created by former Brazil central bank chief Arminio Fraga, adjusted its equity team and investment focus in response to rising market volatility. Instead of choosing stocks based mostly on an analysis of individual companies, a so-called bottom-up approach, the alternative-investment firm is now prioritizing a more macroeconomic and international focus, according to people familiar with the matter.
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1 week ago | 
bloomberglinea.com.br | Leda Alvim |Felipe Saturnino |Cristiane Lucchesi |Tuane Fernandes
Bloomberg — A Gávea, gestora de investimentos alternativos criada pelo ex-presidente do Banco Central Armínio Fraga, ajustou o foco e a equipe de investimentos em bolsa, disseram pessoas familiarizadas com o assunto que falaram à Bloomberg News.
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1 week ago | 
bloomberg.com | Leda Alvim |Felipe Saturnino |Cristiane Lucchesi
A Gávea, gestora de investimentos alternativos criada pelo ex-presidente do Banco Central Armínio Fraga, ajustou o foco e equipe de investimentos em bolsa, disseram pessoas familiarizadas com o assunto.
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2 weeks ago | 
news.bloombergtax.com | Martha Beck |Felipe Saturnino
Brazil’s currency sold off Thursday as the government announced higher taxes on financial transactions along with a widely anticipated plan to shore up its deteriorating finances. The finance ministry led by Fernando Haddad estimated that the government will obtain 20 billion reais ($3.5 billion) in 2025 and 41 billion reais in 2026 by increasing the tax locally known as IOF on a series of financial transactions.
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2 weeks ago | 
bloomberglinea.com | Martha Beck |Felipe Saturnino
Bloomberg — La moneda brasileña se desplomó el jueves luego de que el gobierno anunció impuestos más altos a las transacciones financieras junto con un plan ampliamente esperado para apuntalar sus deterioradas finanzas. El ministerio de finanzas dirigido por Fernando Haddad estimó que el gobierno obtendrá 20.000 millones de reales (US$3.500 millones) en 2025 y 41.000 millones de reales en 2026 aumentando el impuesto conocido localmente como IOF sobre una serie de transacciones financieras.
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2 weeks ago | 
bloomberglinea.com.br | Martha Beck |Felipe Saturnino
Bloomberg — O governo brasileiro congelará R$ 31 bilhões em gastos e aumentará as alíquotas do IOF (Imposto sobre Operações Financeiras), em anúncio neste fim de tarde de quinta-feira pela equipe econômica do presidente Luiz Inácio Lula da Silva. O congelamento do orçamento, confirmado pelo Ministro da Fazenda, Fernando Haddad, nesta quinta, foi maior do que o estimado por investidores, alimentando uma breve recuperação dos mercados brasileiros.
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2 weeks ago | 
bloomberg.com | Martha Beck |Felipe Saturnino
Brazilian real banknotes(Bloomberg) -- Brazil’s currency sold off Thursday as the government announced higher taxes on financial transactions along with a widely anticipated plan to shore up its deteriorating finances. The finance ministry led by Fernando Haddad estimated that the government will obtain 20 billion reais ($3.5 billion) in 2025 and 41 billion reais in 2026 by increasing the tax locally known as IOF on a series of financial transactions.
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2 weeks ago | 
news.bloomberglaw.com | Martha Beck |Felipe Saturnino
Brazil will freeze 31 billion reais ($5.5 billion) in spending and raise a tax on financial transactions in a bid to assuage investors increasingly skeptical of President Luiz Inacio Lula da Silva’s fiscal promises. The budget freeze, confirmed by Finance Minister Fernando Haddad on Thursday, was larger than estimated by investors, fueling a brief rally in Brazilian markets.
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3 weeks ago | 
bloomberg.com | Leda Alvim |Felipe Saturnino
A cyclists rides past buildings on Faria Lima Avenue in the financial district of Sao Paulo, Brazil, on Friday, Sept. 1, 2022. Brazil’s economy surged past expectations in the second quarter, aiding President Jair Bolsonaro’s re-election bid and prompting Wall Street banks to raise their growth forecasts just a month before the vote.
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3 weeks ago | 
bloomberglinea.com.br | Leda Alvim |Felipe Saturnino |Victor Moriyama
Bloomberg — As gestoras de fundos multimercado ainda veem espaço para queda nas taxas de juros tanto no Brasil quanto no exterior, uma aposta que gerou o melhor retorno mensal já registrado para a categoria. O índice de hedge funds IHFA, criado pela Anbima, a associação brasileira do mercado de capitais, subiu 4% no último mês, o melhor desempenho desde pelo menos o final de 2007, quando os dados começaram a ser monitorados.
