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Star fund manager's bet on $4.3 billion worth of Argentine debt is dangerously close to unraveling

9 days ago   |   By Business Insider

Reuters
Franklin Templeton and its star money manager, Michael Hasenstab, have $4.3 billion worth of Argentine bonds as the country marches towards restructuring, Bloomberg reported.
Officials in Argentina say the restructuring agreement will not do any favors to investors, Bloomberg reported.
Hasenstab made his name by making big bets on sovereign debt, but this may be a position he struggles to find upside from.
Visit Business Insider's homepage for more stories .
In a week where the country announced it would push back a $1.4 billion payment on local debt, many would agree it's a bad...
Read more ...

 

Star fund manager's bet on $4.3 billion worth of Argentine debt is dangerously close to unraveling

Star fund manager's bet on $4.3 billion worth of Argentine debt is dangerously close to unraveling

10 days ago   |   By Business Insider

Reuters
Franklin Templeton and its star money manager, Michael Hasenstab, have $4.3 billion worth of Argentine bonds as the country marches towards restructuring, Bloomberg reported.
Officials in Argentina say the restructuring agreement will not do any favors to investors, Bloomberg reported.
Hasenstab made his name by making big bets on sovereign debt, but this may be a position he struggles to find upside from.
Visit Business Insider's homepage for more stories .
In a week where the country announced it would push back a $1.4 billion payment on local debt, many would agree it's a bad...
Read more ...

 


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