NEW YORK May 5 Michael Novogratz of Fortress
Investment Group said on Monday that Brazilian assets could
rally if President Dilma Rousseff loses her bid for re-election
later this year.
Novogratz, speaking at the Sohn Investment Conference in New
York, said Brazil "is in for a long dark period" if Rousseff
He said that Rousseff's two main rivals could instead be
more market friendly.
Novogratz is a principal and director of Fortress Investment
The race for Brazil's October presidential election has
tightened, according to a poll released on Saturday that also
showed high disapproval for Rousseff and widespread
dissatisfaction with the stagnant economy.
(Reporting by Luciana Lopez, Sam Forgione and Rodrigo Campos;
Editing by Chizu Nomiyama)