Hedge Fund Run by Former Argentina Economic Chief Posts 22% Gain
- The fund’s gains were driven by wagers on risky sovereign debt
- Milei’s austerity push in Argentina sparked sharp bond rally
This article is for subscribers only.
Nicolas Dujovne resigned as Argentina’s top economic policymaker in 2019, as a chaotic post-election selloff shook the country’s assets over fears that the pro-business policies of President Mauricio Macri were coming to an end.
More than five years later, a bond rally sparked by Javier Milei’s market-friendly agenda has the former economy minister reaping double-digit gains — this time, from behind his trading desk in Buenos Aires.