The information was released by The Wal l Street Journal, who explained that it is one of the most prominent investors trapped in the place
</p><div>
<p>The Autonomy Capital hedge fund, run by Robert Gibbins, joins the list of those who lost to recent market movements<br/>from the country.
The Autonomy Capital risk investment fund, whose founder is Robert Gibbins, lost about US $ 1 billion in the last month due to the negative performance of Argentine bonds, which occupy an important place in the US firm's business portfolio.
The information was released by The Wal l Street Journal, who explained that Gibbins "is one of the most prominent investors trapped there.
Wrong with the financial turmoil "Argentina. Argentine bonds are one of the biggest plays of this man, who according to the publication is known for making" concentrated bets. "
In the last year, Autonomy Capital made bullish bets for the recovery of the Argentine economy, which included a wide option for local bonds and the forecast that the country would not default. Its fund also took positions in the 100-year bond issued by the government of Mauricio Macri.
According to "people familiar with the numbers" cited by the WSJ, they estimated Autonomy losses at 23%, approximately $ 1 billion. They also name sources that assure that Gibbins maintains its investments and believes that the beaten Argentine market market will recover.
After the defeat of Change in the PASO, the note maintains that this fact sent the "market tied to Argentina in a tumult" because the result indicated that it would lose re-election and that its pro-market measures were reviewed by its "leftist rivals ".
Faced with this result where the candidate of the Frente de Todos obtained an important advantage over Macri, Gibbins told investors that the massive outflow of bonds "presented an opportunity." According to an article published by the Financial Times on August 26, in communication with the bondholders, the businessman said that "Argentina is at the beginning of a normalization process" and that "Alberto Fernández will not be a puppet" from his formula partner, Cristina Fernández de Kirchner.
Gibbins founded Autonomy Capital in 2003, which grew to become one of the most prominent hedge funds and bet on macroeconomic trends. At the beginning of August, the firm managed a portfolio of US $ 6 billion, as can be seen from the aforementioned article.
In an interview, the businessman had expressed his opinion about the situation in the country when he said: "" My vision is that in Argentina, society has had enough. They don't want policies that are designed for the next 3 days. "
In addition to the world of finance, Gibbins also has climate change among its concerns, and believes that the phenomenon will impact investments in some way.
An investor examiner filed a lawsuit with a New York court. This is the ex-queen of German beauty, Aline Marie Massel, who denounced him in 2017 for having infected her with a sexually transmitted disease and for pressing her to have an abortion. The model claimed $ 15 million of compensation. However, justice dismissed his request in 2018.
I knew the value of the dollar in Dollar Today and followed the price and behavior minute by minute. <strong>CLICK HERE</strong>
Find out the latest on digital economy, startups, fintech, corporate innovation and blockchain. <strong>CLICK HERE</strong>
</div></pre>
Source link
https://www.iprofesional.com/negocios/299489-crisis-dolar-comercio-Quien-es-el-inversor-que-perdio-us1000-M-en-un-mes-al-apostar-por-Argentina
