Argentina to remain a ‘trade’ unless it can lower volatility, BlackRock exec says

Argentina’s problem is not a lack of growth potential but a lack of stability, BlackRock executive Pablo Goldberg told business leaders at the IDEA Colloquium in Mar del Plata on Thursday. Speaking to IDEA treasurer and Grupo Cohen managing partner Ana Cohen , Goldberg summarized the sentiment in one phrase. “Until Argentina manages to lower its volatility, it will remain a ‘trade,’” he said, referencing the term given to investments that are considered high risk and high reward. Goldberg, who is currently head of the Emerging Market Debt Research department at BlackRock, the world’s largest…