Arminio Fraga, one of Brazil’s most-famous hedge-fund investors, spread the word earlier this month that he was turning his funds over to the country’s fourth-biggest bank. Brazil’s double-digit interest rates simply generate too high a return nowadays to lure enough clients to keep a fund like ...
Source: [Bloomberg Markets](https://www.bloomberg.com/news/articles/2026-08-31/brazil-banks-poach-hedge-fund-stars-as-industry-boom-goes-bust)