Puerto Rico Researcher Seeks to Fill Government Data Gap
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The slow pace of Puerto Rico’s official release of economic and fiscal data often leaves investors in the $3.7 trillion municipal-bond market starved for information and that led Antonio Sosa Pascual to create REOF Capital’s three-person research team to help plug those gaps.
About 50 companies have expressed interest in REOF’s products, less than a month after he set up the team, Sosa, the founder and managing director of the San Juan-based firm, said by telephone. He discussed the potential language barrier and the sudden drop in prices for Puerto Rico debt for today’s Bloomberg Brief: Municipal Market newsletter.