GoldenTree manages over $25 billion, based on its website.
With Puerto Rico bonds, he stated he was searching at individuals associated with the Puerto Rico Florida Sales Tax Financing Corporation (also referred to as Cofina), with a few getting their debts guaranteed by some insurance company.
“Searching at history, a great time for you to be purchasing triple-C,” he stated, talking about individuals considered very speculative and potentially even near to default.
“We believe sooner or later these will be mainstream, this will probably be within the index, this will probably be in lots of people’s portfolios,” she stated.
Similar possibilities would still arise, he stated, as planned infrastructure projects proceed.