Bloomberg - Lottery-Like Bet on Venezuela Pays Off for Hedge Funds

Defaulted bonds jumped after Washington eased sanctions
Investors see further rally if JPMorgan boosts index weight

A Bloomberg News article by Maria Elena Vizcaino and Nicolle Yapur looks at the effects of the partial lifting of US sanctions on sovereign debt bond prices and highlights Altana’s involvement in the trade.

"Lee Robinson started loading up on Venezuela debt just as most investors were fleeing. The defaulted sovereign and state oil company bonds were trading for less than a dime, and there was no end in sight to Trump-era sanctions on the country.But for Robinson, founder of the London-based hedge fund Altana Wealth, it was a no-brainer...."

You can read the full article here