Family Capital - Why Venezuelan bonds may be the best investment opportunity today

A former family office, Venezuelan bonds…and why they may just be the best investment opportunity today

by Michael Foster (excerpt)

Lee Robinson, founder of Altana Wealth, believes there will be a steady thaw in the Venezuelan debt market, as the country opens up. Colombia’s recent decision to reopen its border with Venezuela would have followed consultations with the US.

Robinson started Altana in 2010 initially as a family office, but found he was never sufficiently challenged over his ideas. He also wanted to raise investment capital. So he morphed Altanta into a wealth adviser, happily exchanging views with his team, and family office clients, over a range of funds, ranging from crypto to carbon. 

Venezuela is one of his favourite punts: “We have no doubt this represents the most attractive sovereign restructuring trade globally, and a clear winner from the Ukraine invasion.”

… Robinson believes investors could see a quintupling, or octupling, of their money if, or when, Venezuela comes in from the cold following the US midterm elections.

According to Altana: “Lifting sanctions not only increases the volume of Venezuelan oil, but substantially increases profitability and GDP.”

Altana runs a $40 million credit opportunities fund, opened in July 2020, to give family offices, and other clients, a chance to invest in the opportunity. 

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