Investors Fret Over Ecuador

Investors Fret Over Ecuador

Corporate & Sovereign Strategy

The new president of Ecuador, Rafael Correa, is worrying investors, some of whom predict an Argentina-style debt restructuring. "I'm concerned about it," said Art Steinmetz, who manages more than $4 billion in EM debt for OppenheimerFunds, speaking at an EMTA panel in New York. "I'm in the bear camp," chimed in James Barrineau, analyst at AllianceBernstein. David Rolley, co-head of global fixed income at Loomis Sayles said a haircut similar to Argentina's 70% was possible and added that he does

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