News of vulture funds

‘Final’ offer on table as debt talks enter critical stage

11-07-2020 08:54 Argentina formalises latest debt bond swap proposal, filing offer with SEC and extending deadline to August 4.

AMF's sanction

France fines US hedge fund Elliott over takeover fight

23-04-2020 12:32 French markets regulator imposes 20-million euro fine on US hedge fund Elliott Management, accusing it of "inaccuracies" during its bid to block a takeover deal five years ago.

BLOOMBERG - ANALYSIS

Debt relief for poor nations not an easy sell to bondholders

20-04-2020 15:20 A pause in debt payments for the world’s poorest countries to help them battle the coronavirus will be a hard sell for private creditors.

DEBT RESTRUCTURING

Bondholders pan Argentina's restructuring offer, prepare for battle

20-04-2020 15:17 The Argentina Creditor Committee says it “cannot support” the nation’s restructuring proposal and the government’s actions have “fallen well short of bondholders’ expectations,” as talks with officials step up.

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.

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

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.