Emilio Botto, chief investment officer at BNP Paribas Asset Management Argentina, has dodged financial calamities -- from hyperinflation to defaults and currency controls -- his entire three-decade career.
It was no different on what he calls Argentina’s “Black Monday.” While some peers in Buenos Aires lost upwards of 40% on that day alone, Botto’s Optimum Renta Fija Estrategica fund soared 21% in local currency terms. That was its second-best gain since inception in late February as it outperformed more than 450 portfolios tracked by Bloomberg.