“Kyle Bass says there’s still money to be made lending to Argentina, a deadbeat country with few peers in history. The hedge-fund manager is the latest example of international investors pursuing riches where crises over 200 years ruined most of its citizens. Bass said he bought Argentine bonds at 55 cents on the dollar last year and has no plans to sell even as global investors say there’s an 86 percent chance Argentina will quit paying in the next five years. ‘There’s huge opportunity in these bonds,’ said Bass, who manages about $2 billion for Dallas-based Hayman Capital Management LP. ‘I know you can’t see that today, but today’s the time to be thinking about it.'”
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