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Julio Alberto Cabral-Corrada is an investment banker and commentator on Puerto Rico's fiscal crisis.
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Early life
Born in 1991 and raised in Puerto Rico, Cabral-Corrada attended Colegio San Ignacio, the Jesuit school in San Juan. He then attended Cornell University, and during his college years he was active in the Puerto Rico Statehood Students Association, where he served as national executive director. Since 2013 he has been a member of its board of advisors.
Career
Currently, Cabral-Corrada serves as an investment associate at the $2 billion Stone Lion Capital hedge fund, investing in Brazil, Mexico, Venezuela, Colombia and Puerto Rico. Prior to this role, Cabral-Corrada was an institutional analyst in Morgan Stanley's Equity Trading Group.
He has appeared in panel discussions on-and-off Puerto Rico to discuss the island's fiscal and economic crisis and has been quoted by the media on debt negotiation and on local approaches to the debt crisis, including calling for reducing Puerto Rican government spending, improving tax collection, and transparency in the process. For federal policy, he has advocated for parity for Puerto in Medicaid and Medicare funding and access to Chapter 9 bankruptcy. http://sincomillas.com/la-estrategia-en-washington-debe-cambiar/
The New York Times reported that while Cabral-Corrada was working at Morgan Stanley, he organized a fundraiser in New York for Puerto Rican Resident Commissioner Pedro Pierluisi, "openly hinting in the email invitation that attendees would have access to Mr. Pierluisi 'to continue the dialogue with the investment community' as the negotiations in Congress continued" on the Puerto Rican debt crisis. Congressional rules say House members may not "sponsor or participate in any solicitation that offers donors any special access." Pierluisi later described the language used by Cabral's invitation as "unfortunate".