Despite common belief, Diego Marynberg, the manager of a Latin American fund with the best performance this year, believes that there is investment opportunity in Venezuela, according to Bloomberg News.

The Virgin Islands-based $90 million Geo Equity Opportunities Fund is up 31% so far this year. The success of this fund can be attributed to the fact that 90% of its funds are invested in Venezuelan companies and the remaining 10% is in cash.

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