One of the biggest holders of Venezuelan
debt says the country -- and its investors -- would be better off with a new
government. “Like most Venezuelans, we would welcome, and ultimately expect, a
change in regime,” Mike Conelius, who manages the $6.5 billion T. Rowe Price
Emerging Markets Bond Fund, wrote in an email. The fund had 6.6 percent of its
assets in Venezuelan notes at the end of the first quarter, one of its biggest
overweight positions and about double what the benchmark index calls for. More…
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