Star Manager Hasenstab's Fund Loses $3 Billion in Rocky Quarter

The video discusses the performance of a fund managed by Michael Hasenstab, highlighting a $3 billion loss in the third quarter and a drop in net assets to $30 billion. Despite a strong long-term reputation, the fund underperformed 80% of its peers this year, losing 1% compared to a 7% gain in the Treasury index. Key investment strategies, including local currency Argentinian debt and short Treasurys, faced challenges. The video concludes with a reflection on Hasenstab's reputation as a skilled long-term investor, despite recent difficulties.

What challenges did the Argentinian debt investment face?

What is the current reputation of Michael Hasenstab as an investor?