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  • A hedge fund reportedly lost $1 billion in August betting on Argentina’s economy recovering

    From cnbc.com

    One of the better performing hedge funds reportedly took a heavy loss last month, as a big bet on Argentina’s economy went sour. Autonomy Capital lost about $1 billion, or about 23%, in August after taking a large position in Argentina’s 100-year-bonds, the Wall Street Journal reported on Wednesday. The hedge fund began betting on Argentina recovery last year, the report said. Run by Robert Gibbins – who reportedly has a penchant for concentrated positions – Autonomy was managing about $6 billion at the beginning of August, the WSJ said. Additionally, the report said that the fund had been doing well before ... (full story)

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  • Post #1
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  • Sep 6, 2019 3:46pm Sep 6, 2019 3:46pm
  •  forexsignalg
  • | Commercial Member | Joined Feb 2018 | 118 Comments
That went towards Trumps Mexican Wall lol, the US have been manipulating markets and stealing from big hitters since Trump came to power, thats why the US economy is so strong, common theft from the market, its why powell doesnt need to cut interest rates and is using in his words 'other measures'
1
  • Post #2
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  • Sep 6, 2019 3:57pm Sep 6, 2019 3:57pm
  •  NotAtrader
  • Joined Oct 2016 | Status: Not A Trader. A Money Machine. | 2,237 Comments
Come on ESMA do something to protect them from losing their money.
  • Post #3
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  • Sep 6, 2019 4:44pm Sep 6, 2019 4:44pm
  •  afevir
  • Joined Feb 2019 | Status: Confucius:small stones | 1,193 Comments | Invisible
As investors exceeded too much, never put many eggs in a small bag can break and run out of eggs
2
  • Post #4
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  • Sep 7, 2019 12:04am Sep 7, 2019 12:04am
  •  tylerbose
  • Joined Oct 2011 | Status: don't trade like i do | 73 Comments
This makes me happy.
1
  • Post #5
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  • Sep 7, 2019 11:18am Sep 7, 2019 11:18am
  •  Guest
  • | IP XX.XXX.12.157
Quoting tylerbose
Disliked
This makes me happy.
Ignored
Everyone in this businesses loses rather frequently, so should not be a surprise. Banks, hedge funds, retail traders etc all make bets that do not work out. Nobody can foretell the markets regardless of resources and experience employed else the likes of GS etc would be making trillions a year trading directionally. But check their results (which of course are a mix of all sorts of deals including swaps and other exotics) ------> all relatively puny compared to what it would be if they were even a shade better at guessing the markets than say your seasoned retail person. Indeed, they may not be any better than a retail person were they fully focused on directional trading which most banks etc are not. I laugh at those who really believe in market manipulations (even if all the biggies were to collude routinely which I doubt is the current practice). So there, and might make you even happier. My comments of course reference commodities and forex directional trading (I know less about the stock markets in terms of what avenues exist for untoward behaviours). >>>>>____------->>>
  • Post #6
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  • Sep 8, 2019 1:38am Sep 8, 2019 1:38am
  •  NotAtrader
  • Joined Oct 2016 | Status: Not A Trader. A Money Machine. | 2,237 Comments
With another words it’s not okay to lose your own and private money, but it’s perfectly okay to lose and waste money (much more money) that belongs to the public. And eventually walk away with that...

Go figure
  •  Guest
  • | IP X.XXX.70.175
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  • Story Stats
  • Posted: Sep 6, 2019 3:19pm
  • Submitted by:
     Newsstand
    Category: Entertainment News
    Comments: 6  /  Views: 15,933
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