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18 February
Stanley Druckenmiller made a big bet on this country, and it’s already paid off
Stanley Druckenmiller bet big on Brazil.
Stanley Druckenmiller bet big on Brazil. Photo: Ton Molina/Getty Images

Famed investor Stanley Druckenmiller, who mentored both Treasury Secretary Scott Bessent and Fed Chair nominee Kevin Warsh, looks to have already made a handsome profit with a well-time bet on Brazil.

The 13-F filing released on Tuesday, covering the fourth quarter, found that the Duquesne Family Office he runs for himself bought the iShares MSCI Brazil EWZ, both directly and via a call option.