News
05.07.2010
Ilinski in Bloomberg on Brazil Real: "There's no panic"
5 July (Bloomberg) -- Options traders are showing more confidence in the Brazilian real than any other major currency as Latin America's biggest economy grows at the fastest pace in 15 years.
"There's no panic," said Kirill Ilinski, who oversees about $100 million as the chief investment officer at Fusion Asset Management LLP in London. His fund has gained 4.6 percent this year, beating 83 percent of its peers. "The contagion is not spreading to Brazil," he said.