Hedge Funds Reap Windfalls on Argentina Bets as Trump Steps In

Hedge funds that wagered big on Argentina in recent months notched bumper gains in October after a US rescue package and a resounding win for President Javier Milei’s party in...

By Liza Tetley, Vinicius Andrade, Eliza Ronalds-Hannon · Bloomberg Markets

Hedge funds that wagered big on Argentina in recent months notched bumper gains in October after a US rescue package and a resounding win for President Javier Milei’s party in midterm elections sparked a surge in the nation’s financial markets.