Brazilian hedge fund Verde took a small position in Bitcoin before Trump's victory

Verde Asset Management, a well-known Brazilian hedge fund, said in a note to clients on Monday that it had established a small bitcoin position ahead of the U.S. presidential election on November 5, the specific size of which has not been disclosed. The fund is run by industry veteran Luis Stuhlberger. Data showed that the company's main fund fell 0.18% after fees in October. In contrast, the CDI interbank benchmark rate rose 0.93% over the same period, and a basket of local hedge funds rose 0.29%. So far this year, its performance has outperformed the Anbima Hedge Fund Index by more than two percentage points. Verde currently manages assets of about 19 billion reais ($3.3 billion), down from 20 billion reais a month ago. (Bloomberg)