The head of a billionaire investment fund anticipates that there will be 4 or 5 hard months ahead and then he leaves

Robert  is the head of Discovery Capital Management and previously worked with none other than George Soros. Like other investment funds, he came to Argentina The head of a to analyze on the ground what is called “business climate. He praised Javier i and Luis  Caputo, whom he considers “a great economist. This Saturday he received a small group of journalists at the Four Seasons… He confesses to the NBA and says that he would like to bring an NFL game to play in River, because he considers it a beautiful stadium and adds a fact “next year we are going to play in Brazil and Mexico in 2025 and mentions other countries. Europeans where they want to expand the league, among them Madrid and Germany. It does not rule out that Buenos Aires Add to this list of countries. This investor met with Caputo, whom he says he has known for  years.

Ranking of Latin American passports

I was at Fidelity Investments in the 90s in charge of investments in emerging markets and the first country I came to was Argentina in , before convertibility we saw a great UAE Phone Number List opportunity. The country was in worse condition, with an inflation rate of  and the private sector was not as vibrant and strong as it is today. We bought bonds and we had  of Argentina’s internal debt. Robert was a finance minister with a good team. There were good expectations for the country, we thought that the economy was going to stabilize, the bond yields were high and the reward for high risk was good. Then came shocks like the Tequila shock in 5. However, despite Argentina’s poor financial performance, there are always investment opportunities in the country. At that moment I thought that no matter who was president positive change. If they manage to stabilize the economy and approve many of these laws.

The head of a Banco Galicia  Banco Macro

And Pampa Energía. Also from Banco Galicia and Banco Macro. Banks are a bet on the success of macro stability.
Credit to the private sector in Argentina is 8% of GDP, one of the lowest percentages in the world, I have bonds from the main companies but also from the government Australia Phone Number List Los  and . I think the market is overestimating the inflation rate. that will go down faster. I bought  on the secondary market, the last auction for 2.5 billion dollars, it took almost two months, it was impressive, it was a success for the government. – Aren’t you afraid that the Government will not be able to carry out the measures? Caputo and the President are very focused on zero deficit. And the provinces are not going to have all the money they expect. -Do you think dollarization is possible? Dollarization would work very well, Argentines think in dollars. The thing is that historically the peso is a volatile and fragile currency. But it needs previous changes: privatizations, State reform, orderly fiscal accounts and hard work. But dollarization is not necessary.

Leave a Reply

Your email address will not be published. Required fields are marked *