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3/10/09

Latin America = Safe Haven


Pachakuti! Whatever happened to you guys up there with your triple A local ratings and your surly attitudes and your "you gotta do this way you gotta do that way" way of talking to Latin America?

Today Eurekahedge reports that the only positive returns made by world hedge funds in Febraury 2009 and in 2009 to date were in...roll those drums....yes you've guessed it already...LATIN AMERICA! The future is ours, folks. Here's the paydirt section of today's Eurekahedge PR (click over there for the whole story):

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".....Latin American funds were the only ones to finish the month with decent gains (0.7%), as managers in the region were afforded opportunities with the weakening of most regional currencies against the US dollar, among other things during the month.

Index

Feb 09
Est¹

2009
Return

2008
Return





Eurekahedge North American Hedge Fund Index

-0.92

0.28

-10.44

Eurekahedge European Hedge Fund Index

-0.69

-1.67

-22.65

Eurekahedge Eastern Europe & Russia Hedge Fund Index

-1.07

-7.80

-54.22

Eurekahedge Japan Hedge Fund Index

-2.08

-3.95

-11.43

Eurekahedge Emerging Markets Hedge Fund Index

0.15

-0.38

-23.67

Eurekahedge Asian Hedge Fund Index

-0.72

-2.06

-21.01

Eurekahedge Latin American Hedge Fund Index

0.66

2.12

-3.30

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Enjoy today's bear market rally, then once you've taken some profits send them down to a safer place altogether, gringos :-).