NEW YORK (Reuters) - Discovery Capital's founder Rob Citrone said on Wednesday his favorite stock at this moment is Mexico's America Movil 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.