Goldman Sachs’s purchase of deeply discounted Venezuelan bonds wasn’t reviewed by top executives, and the subsequent uproar over that trade caught the firm’s officials off guard.
Goldman Sachs bought about $2.8 billion in Venezuelan bonds that had been held by the oil-rich country’s central bank, a lifeline to President Nicolás Maduro’s embattled government.
Investing often creates a dilemma over goals: Should we aim to do well or to do good? Nowadays, it is emerging markets as an asset class that should make people morally queasy, owing to Venezuela’s outsize role in driving the performance of index funds.
Subscribete a nuestra lista de correos
Etiquetas2012 2013 2014 2016 Americas Aprobado Canada Caracas Chantal Bazile civil unrest Conflicts / War / Peace Crime Crime / Law / Justice CSQ Diplomacy / Foreign Policy Elections / Voting Emerging Market Countries Entrevistas General news Government / Politics Government and politics Government and politics/Elections/Voting Henrique Capriles Hugo Chavez Human Rights / Civil Rights International / National Security Judicial Process / Court Cases / Court Decisions Landing Luisa Ortega Major News Montreal Nicolás Maduro Panama Picture available Pictures politics protests Service Alerts Socialist Party South America / Central America United States US Venezuela via bookmarklet video