Back From Venezuela, Veteran Investor Calls Its Debt a Top Bet

Veteran investor Arif Joshi flew to Caracas this week to get a read on where Venezuela is heading after the end of a 13-year presidency that left it in default on its debt and isolated from the global economy.

After joining a few dozen other hedge-fund analysts and investors in a round of meetings with Acting President Delcy Rodriguez and other officials, he headed back to New York with a strong conviction: Venezuela’s bonds are a strong buy.