The hedge funds playing Venezuela
Financial Times••business
Key Points:
- US companies including Microsoft and McKinsey are paying up to $1 million to sponsor a Davos venue serving as a base for US officials during President Trump’s World Economic Forum trip.
- Venezuela’s defaulted government and PDVSA bonds surged nearly 30% after the US military captured President Nicolás Maduro, rewarding investors like Broad Reach, Winterbrook Capital, and Elliott Management despite ongoing uncertainty.
- Warren Buffett has stepped down as CEO of Berkshire Hathaway, with Greg Abel taking over; investors await clarity on whether Abel will maintain Buffett’s value investing approach or pursue new strategies.
- UK supermarket chains Asda and Morrisons have raised about £6.5 billion through sale and leaseback deals of their property portfolios, helping them manage
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