Michael Hasenstab at Franklin Templeton might not be the Bond King, but he’s got a decent claim to the throne. His fund regularly outperforms markets and his peers. But he’s probably not feeling so princely about his bet on Ukraine any more. Bloomberg have a great piece illustrating that Hasenstab has now lost $3 billion dollars on his Ukrainian bond purchases after taking a massive punt on them. According to The Economist, Hasenstab owns about half of Ukraine’s international bonds. He’s the country’s biggest private creditor. Here’s Bloomberg on why he may be regretting that: The Ukraine trade started …read more
Source: Business Insider
