Seth Klarman's Baupost and Man Group are buying Brazil corporate debt as $129bn sits under renegotiation and borrowing costs hit a two-decade high.
Key Facts
—The buyer. Seth Klarman, a famed value investor, named Brazil as a distressed-debt opportunity.
—The firm. His fund, Baupost, managed about $22bn in January 2026.
—The company. Man Group, the world’s largest listed hedge fund, is also buying.
—The damage. Some Brazilian credit ratings have been cut by up to eight notches.
Apesar dos níveis atraentes, investidores em crédito brasileiro têm sido repetidamente postos à prova por colapsos corporativos e…
Brazil · Corporate Distress Key Facts —The filing: the Andrade Gutierrez restructuring is an out-of-court filing made by the…
One of Brazil's biggest energy groups is shedding a foreign operation it built less than a decade ago, a sign of how hard debt…
Brazil debt restructuring is surging out of court, with distressed company debts more than doubling this year as a fifteen…
Activist investor Elliott and SVP Global have bought into Braskem's debt, adding tough new players to the restructuring of the…
Markets Key Facts —The boom. Brazilian corporate-bond issuance hit a fresh high, extending a record run. —The record. Debenture…
