News of funds

DEBT RESTRUCTURING

Cristina raises stakes for Argentina's crucial talks with IMF

15-02-2020 09:17 Vice-president lays into IMF, as government officials welcome mission team to Argentina.

Bloomberg

Hedge funds join forces to prepare for Argentina debt talks

14-02-2020 19:06 Monarch Alternative Capital LP is spearheading a group of hedge funds organising ahead of debt restructuring talks with Argentina, according to Bloomberg.

DEBT RESTRUCTURING

Guzmán warns of ‘deep debt restructuring’ in address to Congress

13-02-2020 00:32 “It’s necessary to have a deep debt restructuring,” says minister during congressional hearing, where he provided his most detailed comments about debt strategy since taking office in December.

INTELLIGENCE

Streamlined AFI to mind its own business

08-02-2020 10:42 Trustee Cristina Caamaño downsizes AFI intelligence budget (especially “reserve funds”), limits role in judicial investigations and seeks to salvage neglected AMIA files.

by Rosario Ayerdi

ALBERTO’S EUROTRIP

Alberto’s upbeat Eurotrip lays the ground for debt renegotiations

08-02-2020 08:28 President Alberto Fernández went on a lightning tour of Old World capitals looking for political support ahead of Argentina’s debt negotiations with the International Monetary Fund and private creditors.

BLOOMBERG

Ex-Elliott lawyer builds creditor group for Argentine rematch

27-01-2020 12:14 Dennis Hranitzky, an attorney who helped hedge fund billionaire Paul Singer win a 15-year bond battle against Argentina, is gearing up for a potential rematch.

BLOOMBERG

Investor warns narrow path for Argentina to avoid 'vulture' funds

04-11-2019 08:58 Alberto Fernández risks a repeat of the 2001 debt crisis that led to a messy 15-year legal battle with creditors unless he can quickly restructure US$50 billion of bonds, warns Delta Asset Management's Christian Cavanagh.

BLOOMBERG

Markets: Here’s what to watch after Argentines vote on Sunday

24-10-2019 13:34 With frontrunner Alberto Fernández in pole position, the question is how much support the new government will get in Congress and how conciliatory he may prove to market-friendly incumbent Mauricio Macri.

PROVINCIAL RELATIONS

Supreme Court rules for provinces in row over tax, IVA cuts

02-10-2019 16:42 In a blow to the Macri administration, Justices rule that national government's post-PASO measures should not be funded by co-participatory funds.

BLOOMBERG

Argentine corporate bond funds stuck in limbo after controls

13-09-2019 10:15 Argentina unveiled a series of capital controls at the start of this month as President Mauricio Macri responded to a plunging peso draining government reserves after his poor showing in a presidential primary vote.

BLOOMBERG – ANALYSIS

Hedge fund veterans see Argentina as cautionary tale for Brazil

04-09-2019 12:40 Though the Brazilian economy rebounded in the second quarter, dodging recession, economists have consistently lowered expectations amid weaker-than-expected data.

BLOOMBERG

Vulture funds circle Argentina, waiting for right time to buy

03-09-2019 17:06 Less than five years after settling with hold-out creditors from a record default in 2001, Argentina is again looking like a ripe target for funds that specialise in wringing value out of distressed assets.

BLOOMBERG

Argentina says it will buy bonds from local funds hit by withdrawals

30-08-2019 14:02 Central Bank tries to stem investor panic and stabilise mutual fund industry.

BLOOMBERG

Argentine mutual funds block redemptions as locals rush for exit

30-08-2019 10:46 The government's decision to extend maturities has triggered a run on mutual funds.

BLOOMBERG

Bond investors keen to hear from Alberto Fernández's economic advisors

27-08-2019 12:24 Money managers including BlackRock, Goldman Sachs and others have made contact with advisers to Alberto Fernández, with some pleasantly surprised by what they've heard.

BLOOMBERG

Hedge funds from Autonomy to Odey tumble on Argentine swoon

26-08-2019 13:54 Autonomy Capital and VR Capital Group saw their gains for the year wiped away after starting August with wagers on Argentina. Famed short seller Crispin Odey and Glen Point Capital also saw losses.

EDITORIAL

Sub-par funding for science cause for debate

06-07-2019 08:09 Rather than enter into this week’s round of the electoral hurly-burly, this editorial would like to step back and take a look at an area absolutely central to the world of the 21st century: science and technology.

MORE UNDECLARED FUNDS

Dujovne: Evasion in the times of Macri

14-04-2018 11:39 The Macri administration risks losing credibility in its fight against inflation and corruption. Dujovne, for example, has 76 percent of his capital abroad, despite claiming he “really truly believes in this process,” referring to the aggressive reforms being pursued by this administration.

by Agustino Fontevecchia