Ukraine is widely expected to impose a haircut on private sector creditors under the terms of a forthcoming bailout from the International Monetary Fund. If so, then one investor stands to lose more than any other: Michael Hasenstab, the fund manager renowned for taking unpopular bets on government debt.
Russia's War Against Ukraine
Financial Times: Contrarian US bond manager braces for big Ukraine losses
A woman holds a poster of a 500 hryvnia note with Arseniy Yatsenyuk's portrait on it.
