Argentina will likely default on its debt for the third time in 28 years on Wednesday, which could cost U.S. hedge funds millions.
Greenlight Capital gained 7.9 percent in the second quarter, according to a letter sent to investors Friday.
Argentine debt negotiators left their meeting with a U.S. court-appointed mediator in New York after barely one hour.
Get the best of CNBC in your inbox
While Fed chair Janet Yellen may win monetary policy battles within the Fed, she still risks losing the economic war.
JPMorgan found the perfect suitor for a big book of loans it wanted to get rid of: Bain Capital.
Another prominent market bull has joined the growing ranks of Wall Street strategists who think a correction is not far away.