Latin spirit

The Latin American hedge fund industry has been developing rapidly since it first emerged in 1990. After Asia, South America now appears to be the promised land for investors seeking absolute and de-correlated returns. Hedge funds have been growing and multiplying in this region on the back of favourable economic conditions, where years of reforms and growth have begun to pay off. Historically, the LatAm region has been associated with debt trading. Now, countries' balance sheets have become stronger, with balance of payment surpluses existing in many areas as governments begin to buy bac...