FINANCIAL TIMES/BRAZIL CONFIDENTIAL: Fund strategies (MSquare and Maua Sekular)

MSquare has been top slicing its bets on the equity markets, taking down its invested portion from 90% in the last quarter of last year to some 70% today. After run-ups in share prices, Mr Mizne believes that it is the moment to be more cautious. He will consider re-building positions, if this year’s sell off continues.

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