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Bedrock launches fund of hedge funds investing solely in Brazil

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Bedrock Group, the Geneva-based wealth and asset manager, has launched Bedrock Brazil with USD50m of commitments.

The fund is a multi strategy fund of hedge funds offering investors low cost access to leading Brazilian funds, some of which are closed to new investors.

The fund will be advised by Bedrock Advisors working in partnership with Brazil-based asset and wealth manager JGP, which will provide local support and market access.

The fund’s objectives are to allow investors seeking long term capital growth the opportunity to participate in Brazilian markets and to achieve risk-adjusted returns by minimising the correlation among investments in the portfolio.

Bedrock Brazil’s five main strategies consist of macro, equity long-short/long bias, equity long only and multi strategy.

Daniel Page, managing director of business development at Bedrock RealTime, says: “The case for investing in Brazil is a clear and compelling one. Brazil withstood well the adverse impacts of the global credit crunch and the sudden fall in commodity prices and demand for exports. Structural soundness and anti-cyclical policies softened the impact of a global recession, allowing Brazil to benefit from improved economic, financial and fiscal positions versus developed economies and suggesting further room for continued growth.”

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