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...]

Twinkie – An American Cake: Sweet For Some, Bitter For Others

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A group of hedge funds swooped in to “rescue” a struggling corporation—Hostess Brands—positioning it to enter bankruptcy for the second time in as many years. Will the beloved  Twinkie survive? Silver Point Capital, L.P. is a privately-owned hedge fund sponsor based in Greenwich, CT.  Their specialties include investing in securities of distressed, large-cap, and mid-cap companies. It was founded in 2002 by two former Goldman Sachs … [Read more...]