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A Hedge Fund Reportedly Hemorrhaged $1B In August Because It Bet On Argentina Before The Country's Markets Crashed | Markets Insider
Posted on: Sept. 5, 2019, 4:51 p.m.
Autonomy Capital, a hedge fund that placed bullish bets on Argentina last year, lost roughly $1 billion in August when the country's market crashed following an election upset, according to The Wall Street Journal. Argentina is now on the brink of a financial crisis and may be unable to repay its debts. On Sunday, the country imposed capital controls to keep its currency, the Argentine peso, from falling further. The founder of Autonomy Capital reportedly still believes that Argentina can ... Full investment news articleRelevent to this post: American University International Monetary Fund,