 A Brazilian hedge fund was among the casualties of Mondays market rout on Argentine assets, with at least 75 percent of its equity exposure suffering losses between 25 and 59. Newfoundland Capital Management, based in Sao Paulo, was hit with a loss on paper of around 55 million, as its bets on four Argentine companies in agribusiness, natural gas, energy distribution and telecommunications imploded. The remaining loss comes from Newfoundlands exposure to Telecom Argentina ADRs, which was down 33 on Monday, and Transportadora de Gas del Sur , which fell 48. 