Hedge funds profit as Venezuela’s bonds surge
Broad Reach, Winterbrook and Allianz among those making gains as debt jumps in price
Broad Reach, Winterbrook and Allianz among those making gains as debt jumps in price

US capture of Nicolás Maduro lifts hopes that country will make good on some debt

Bonds have risen sharply to the highest level since 2019 as the Trump administration increases pressure on Maduro

US banks are positioning themselves for long-term opportunities in energy and infrastructure

Rally in defaulted debt has gained pace with US military build-up in Caribbean

Licence allows nation’s state oil group to sell directly to American companies and on international market

Nicolás Maduro set to face drug trafficking charges in New York court on Monday