Hmmm.... so hedge finds who had bought up Venezuelan debt (bonds) immediately made a handsome (paper) profit when the bonds surged in price by 24% on the prospect that a US-run Venezuela might start to pay back its sovereign debt.
You might ask: how influential were those hedge funds (who have building positions in Venezuelan debt for some years) in encouraging the Tangerine Tyrant to take action now?
Or it could all just be a happy coincidence ...
#Venezuela #HedgeFunds
h/t FT