Robert Gibbins, the fund's founder, stands by his investments and thinks Argentina will recover, The Wall Street Journal reported.
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.
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.
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