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 recover. Read more on Markets Insider.