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2018年はイタリアにとって厳しい年となりました。サッカーでは、かつてのチャンピオンがワールドカップ出場を逃し、経済の面では、年初にはユーロ圏第三位の経済大国だったにもかかわらず1、すぐに危機的な状況に陥りました。ブルーベイはその年の春にイタリアの政党「リーガ」のトップ3の政治家のうち2人と面談しました。この面談の内容とブルーベイ独自の分析により、潜在的な「イタレグジット(Italexit:イタリアのEU離脱)」を巡るリスクは過大評価されていると考えました。その後、イタリア国債(対独)スプレッドを300bpsまで拡大させた悪名高いイタレグジットに関する記事が発表されたのと同じ日に、ブルーベイはイタリア国債のロング・ポジションを構築しました。
1. Statista
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