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Hedge fund billionaire Rob Citrone, a friend and former colleague of U.S. Treasury Secretary Scott Bessent, purchased more Argentine bonds shortly before Bessent announced a financial package for Argentina in September 2025. This was part of a larger investment by Citrone's hedge fund, Discovery Capital Management, into Argentina. Additional context on Citrone's investment and connection to Bessent: The Investment: Citrone made a substantial investment in Argentine debt and equity following the election of President Javier Milei in late 2023, betting on his right-wing economic policies. Previous Colleague: Citrone and Bessent worked together for investor George Soros in 2013. During that time, Citrone convinced Bessent to make a successful bet against the Japanese yen. Lobbying for Assistance: As Argentina's economy faltered in 2025, Citrone reportedly lobbied Bessent to help secure financial aid. The U.S. financial support has been criticized by some as benefiting politically connected investors like Citrone. Other Investors: Other major investment funds, including BlackRock, Fidelity, and Pimco, also stood to benefit from the financial package due to their investments in Argentina. Billionaire Stanley Druckenmiller, another long-time friend of Bessent, also invested in Argentina.