Any Chance Axelrod Gets to Slight the U.S. Government is a Winner in His Book
by Ben Hernandez | ETF Trends | September 11, 2018
Treasure chests of money tinged with corruption amid a backdrop of high finance makes for an interesting show and with a character like fictitious hedge fund manager Bobby Axelrod, expertly played by actor Damian Lewis, Showtime network’s television series “Billions” takes viewers on a seemingly endless game of chess. Whenever there’s money to be made, rest assured that the ambitious Axelrod is in the eye of the storm regardless of the asset class, including bonds.
In the second season of “Billions,” Axelrod showed that his multi-strategy hedge fund, Axe Capital, is not averse to the fixed-income space. With word that a casino was headed to sleepy town Sandicot, Axelrod snapped up the city’s distressed municipal bonds in an effort to capitalize on its impending rise in prices should the casino plans actually come to fruition.