Jay Newman a former Elliott Management Senior Portfolio Manager, is precluded from working in the the sovereign debt sector until the end of 2018.
Venezuela is one of those slow-motion train wreck. People have seen it coming through years. They've been part of it for years. They've watched Chavez and now Maduro for years. And for at least a decade, probably even more, people have said things cannot get any worse in Venezuela.
People can't buy food, because the cost continues to rise by over 50% each month. That's the hyperinflation.
In a recent interview with Bloomberg TV, Mr Newman said that Venezuela “has been impoverished by klepto-socialists” and warned that investors faced a “tortuous, long, complicated road”, something that some industry experts saw as an oblique, unofficial pitch of his know-how on navigating such a complex situation, Jay Newman eyes comeback with Venezuela focus, FT.
In a recent interview with Bloomberg TV, Mr Newman said that Venezuela “has been impoverished by klepto-socialists” and warned that investors faced a “tortuous, long, complicated road”, something that some industry experts saw as an oblique, unofficial pitch of his know-how on navigating such a complex situation, Jay Newman eyes comeback with Venezuela focus, FT.
The bond fund manager JN is precluded from working in the the sovereign debt sector until the end of 2018, when a “non-compete” clause he signed when leaving Elliott expires.
FULL DOCUMENTARY - Venezuela: State of Disaster | The Big Story | Real Vision
https://youtu.be/9qdO2pFoGgw
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Real Vision explains how a surplus of commodities, from oil and gas to cocoa and coffee, have been squandered under the rule of former President Hugo Chavez and current President Nicolas Maduro.
When a government takes control of the economy, suppresses any opposition, makes impossible promises to the poor, economic disaster will follow.
Venezuela represents an enticing opportunity to hedge fund managers steeped in the intricacies of sovereign debt restructurings. Caracas last year admitted it could no longer service its $150bn pile of foreign debts, and since then has haphazardly defaulted on a host of bonds, loans and other financial obligations, FT.
Filmed in 2018 in New York and Caracas, Venezuela. Published October 31st, 2018 on Real Vision.
Filmed in 2018 in New York and Caracas, Venezuela. Published October 31st, 2018 on Real Vision.
MBA Rafael A. Vilagut, Responsible for portfolio management services to private individuals and mid-size firms. Currently under contract with RGIA Paseo Colon, leading provider in Costa Rica of brokerage, portfolio management and corporate finance services, rafael.vilagut@ucr.ac.cr and rafael.vilagut@rgintadvisors.com
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