Goldberg Sees $4 Billion Brazil Bet Opportunity as Borrowing Costs Near 20-Year High
Updated
Updated · Bloomberg · May 20
Goldberg Sees $4 Billion Brazil Bet Opportunity as Borrowing Costs Near 20-Year High
1 articles · Updated · Bloomberg · May 20
Daniel Goldberg said Brazil’s market turmoil is creating a “once-in-a-decade” opening for investors, with Lumina Capital Management positioning for opportunities in tradable securities.
Near-20-year-high borrowing costs and rising corporate debt loads are driving the dislocation, pressuring Brazilian companies and creating entry points for distressed or mispriced assets.
Lumina, which manages more than $4 billion, is targeting renewable energy, health care, chemicals, software and agribusiness as sectors with the strongest potential.
Goldberg’s Brazil push extends his broader Latin America strategy after pursuing returns in complex markets including Argentine debt and financing tied to a Panama Canal bridge.
Is this investor's 'decade chance' a sign of Brazil's recovery or a trap for the unwary?