Discovery Capital's founder Rob Citrone said on Wednesday his favorite stock at this moment is Mexico's America Movil BMV:AMX/B due to its exposure to many different countries in Latin America.
Citrone, who manages a macro hedge fund, is bullish on Latin America as a diversification to investments in the U.S. Discovery posted a 52% gain last year. He sees opportunities in Latin America's equities, rates and currencies.
Currently, most of Discovery's bets are outside the U.S.