Venezuela Turns to Billionaire Debt Investor to Help With Bond Crisis

Distressed-debt investor David Martínez urged Venezuela’s struggling government to default on its bonds days before the country’s surprise announcement on restructuring its obligations. Mr. Martínez, a billionaire who made his fortune buying cheap defaulted debt and selling it after the restructuring, met in Caracas with the country’s vice president, Tareck El Aissami, and other members of the economic cabinet in late October, according to Venezuelan officials with direct knowledge of the matter. More…