Finance
Hedge Fund Discovery Advances More Than 20% So Far This Year
Currency prices displayed in a storefront in the financial district of Buenos Aires this month.
Photographer: Tomas Cuesta/BloombergRob Citrone, whose Discovery Capital Management returned more than 20% this year, added to bets on Argentine bonds as markets fell in early September.
“There was a bit of a panic among locals with regards to the midterm elections, and then some foreigners got nervous as well,” he said of the market dive that came after President Javier Milei’s party lost a key provincial election by a landslide earlier this month.