Finance
Altana’s Robinson Sees Chance of Venezuela’s Bonds Doubling
Wall Street has been eyeing up ways to profit from President Donald Trump’s shock move to capture former Venezuelan president Nicholas Maduro.
Photographer: Michael Nagle/BloombergThe implied recovery on Venezuelan government bonds still has plenty of room to run according to Lee Robinson, founder of Altana Wealth Ltd., a money manager that made an early bet on the country’s debt.
While prices have more than doubled over the last year, with the country’s dollar bonds due in 2027 indicated at more than 40 cents on Thursday, the final recovery once unpaid interest is included could end up roughly doubling again.