(Reuters) Steven Tananbaum, chief investment officer and founding partner of roughly $24 billion asset manager GoldenTree Asset Management, says he was bullish on Puerto Rico general obligation (GO) and COFINA bonds, as well as Brazil and Argentina’s debt.
Tananbaum said that a bet on Puerto Rico’s GO bonds in particular was his favorite trade heading into next year. He said he liked the policies of new Governor Ricky Rossello, who was elected Nov. 8, and that the U.S. commonwealth could flourish with the right amount of debt.