SPX Capital shuts London office and overhauls macro unit
Updated
Updated · Bloomberg · May 7
SPX Capital shuts London office and overhauls macro unit
3 articles · Updated · Bloomberg · May 7
Senior partners Marcelo Castro and Marcella Libardoni are leaving, with Castro, a board member and head of multi-asset since 2020, departing with his team.
The Brazilian hedge fund is undertaking a major restructuring after losses, according to people familiar with the matter.
Libardoni had been at SPX since 2011, and the changes signal a broader rethink of the firm's operations beyond the London closure.
Is SPX Capital's retreat from London a sign of a broader Brazilian financial exodus?
Why are Brazilian hedge funds collapsing while global macro strategies enter a golden age?
How did a sudden oil price shock manage to dismantle Brazil's entire hedge fund industry?