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 the loss, ... (full story)