Brazilian hedge fund Verde made a small investment in Bitcoin before Trump's election victory

On November 12, Brazil's renowned hedge fund Verde Asset Management stated in a report to clients on Monday that the company had established a small Bitcoin position before the US presidential election vote on November 5. The specific scale of the position has not yet been disclosed. The fund is managed by industry veteran Luis Stuhlberger.

Data shows that the company's main fund fell by 0.18% after deducting expenses in October. In contrast, the CDI interbank benchmark interest rate rose by 0.93% during the same period, and a basket of domestic hedge funds rose by 0.29%. So far this year, its performance has exceeded Anbima Hedge Fund Index by more than two percentage points. Verde currently manages assets worth about R$19 billion ($3 billion), lower than R$20 billion a month ago (Bloomberg).