Bedrock Group has launched Bedrock Brazil with $50m of commitments. The fund is a multi strategy fund of hedge funds offering investors low cost access to Brazilian funds – some of which are closed to new investors.

The fund’s objectives are to allow investors seeking long term capital growth the opportunity to participate in Brazilian markets and to achieve risk-adjusted returns by minimising the correlation among investments in the portfolio.

Bedrock Brazil’s five main strategies consist of Macro, Equity Long-Short/ Long Bias, Equity Long Only and Multi Strategy. A pro-forma model of the Fund since July 2006 suggests performance and ahead of key equity market and hedge fund indices. It generates these returns with volatility levels far lower than equity markets and largely in line with hedge fund indices.

Daniel Page, MD of Business Development at Bedrock RealTime SA, comments on the case for investing in Brazil: “The case for investing in Brazil is a clear and compelling one. Brazil withstood well the adverse impacts of the global credit crunch and the sudden fall in commodity prices and demand for exports. Structural soundness and anti-cyclical policies softened the impact of a global recession, allowing Brazil to benefit from improved economic, financial and fiscal positions versus developed economies and suggesting further room for continued growth. The Manager predicts that the lagged impacts of fiscal and monetary stimuli are pushing Brazil further into a strong cyclical recovery and that 2010 GDP growth could exceed 5%. We have seen strong pre launch interest and are proud to welcome Bedrock Brazil Fund to our platform.”