- "The bet is simple," says Fortress Investment's Gareth Henry, speaking at a conference in San Francisco. "Between now and the election, the probability of [incumbent Dilma Rousseff] winning is going to go a lot lower than it is today."
- "I actually think she loses the election," says Henry, and there will be a major rally in Brazilian assets following.
- Henry's comments echo those of Fortress Principal Mike Novogratz a few months back.
- Previously: Fortess' Novogratz pitches Brazil at Ira Sohn
- The Fortress Macro Fund is lower by 5.78%, net of fees, through the end of August.
- ETFs: EWZ, BRF, BRXX, EWZS, BRZU, BRAQ, BRAZ, BZQ, BRAF, UBR, BRZS, DBBR, FBZ