Former Argentina economy chief Nicolas Dujovne is seeing significant returns under President Javier Milei’s pro-market reforms. The fund surged 22% in 2024, driven by high-risk debt, including Argentine bonds, which contributed heavily to its success. High-yield bonds have seen strong returns in the past two years, fueled by emerging economies securing funding from the IMF and adopting market-friendly reforms. A Bloomberg gauge of EM high-yield dollar bonds soared 15% last year, its best annual performance since 2016.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Former Argentina economic chief Nicolás Duhovin is seeing significant returns
00:07under President Javier Mele's pro-market reforms.
00:10The fund surged 22% in 2024, driven by high-risk debt, including Argentine bonds,
00:15which contributed heavily to its success.
00:17High-yield bonds have seen strong returns in the past few years, fueled by emerging economies,
00:21securing funding from the MIF and adopting market-friendly reforms.
00:26A Bloomberg gauge of EM high-yield dollar bonds soared 15% last year,
00:30its best annual performance since 2016.