Brazilian Hedge Fund Verde Announces Crypto Investment Ahead of Trump's Victory

Foreks - Brazilian money manager Verde Asset Management, led by Luis Stuhlberger, is among those participating in the Bitcoin rally triggered by Donald Trump's return to the White House as President. Verde, one of Brazil's most prominent hedge funds, stated in a note sent to clients on Monday that it is establishing a small position in Bitcoin ahead of the voting on November 5, while also increasing its bet against the Chinese yuan. The full size of the firm's positions has not been disclosed.