Never Mind the Defaults, Venezuela Has Made Many Bondholders Rich

Jay S. Auslander

January 3, 2018

The Wall Street Journal reported that although Venezuela’s bonds have lost three-quarters of their value, some investors have made their money back – and more.  Some bondholders are holding onto their investments in the hope that the government will make some of its payments.  Wilk Auslander’s Jay Auslander said:  “The payments are coming late, but they’re coming,  It’s better to bide your time and wait than to get involved in litigation that could take years.”