One of the better performing hedge funds reportedly took a heavy loss last month.
Autonomy Capital lost about $1 billion, or about 23%, in August after taking a large position in Argentina's 100-year-bonds, the Wall Street Journal reported on Wednesday.
Autonomy founder Robert Gibbins is standing by his position, expecting Argentina will yet recover, the WSJ says. Autonomy Capital lost about $1 billion, or about 23%, in August after taking a large position in Argentina's 100-year-bonds, thereported on Wednesday. The hedge fund began betting on Argentina recovery last year, the report said.
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