Hasenstab Sees $3 Billion Vanish in Ukraine as Big Bet Sours
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Michael Hasenstab is all about the big trade.
It’s a tack that has made him one of the world’s most successful, and famous, bond fund managers during his 17-year stint at Franklin Templeton. But if his contrarian bets on Irish and Hungarian debt highlight the rewards of such a strategy, his gamble on Ukraine underscores the risks.