Michael Hasenstab is all about the big trade. It’s a tack that has made him one of the world’s most successful, and famous, bond fund managers during his 17-year stint at Franklin Templeton. But if his contrarian bets on Irish and Hungarian debt highlight the rewards to such a strategy, his gamble on Ukraine underscores the risks.
Russia's War Against Ukraine
Bloomberg: Hasenstab sees $3 billion vanish in Ukraine as one big bet sours
A soldier of the Azov battalion shoots at a target across the lake during training outside Mariupol.
