Argentina vs. Hedge Funds: Who is Seeking a Sweet Deal?

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The United States court decision ordering Argentina to pay $1.3 billion to hedge funds is threatening to throw the South American country and the entire sovereign debt market into turmoil. However, are the two holdout investors— Elliott Management and Aurelius Capital Management—in the Argentina debt restructuring case looking for a better deal? Are they trying to use the U.S. court system to circumvent international positions on debt … [Read more...]