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Investors Profit from Venezuela Debt Bet
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Investors, including Altana Wealth, Ashmore, Mangart Capital Advisors, WinterBrook Capital, Copernico Capital Partners, and Canaima Capital Management, have made significant profits from betting on Venezuela debt. The rally in Venezuela sovereign and state oil company bonds occurred after the lifting of sanctions on the country's oil, gas, and gold. Wall Street banks are considering raising the weight of Venezuela bonds in their indexes.
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How did the rally in Venezuela sovereign and state oil company bonds impact global oil prices?
What are the potential implications of Wall Street banks raising the weight of Venezuela bonds in their indexes?
What were the specific conditions that led to the lifting of sanctions on Venezuela's oil, gas, and gold?
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