Horse Herding Icelandic Governor Sees End to Hedge Fund Limbo

(Bloomberg) Hedge funds stuck with Icelandic kronur for the last eight years will soon be shown the door, whether they like it or not, the governor of the central bank said as the Atlantic island prepared to take the final steps before ending capital controls. Sedlabanki is busy hammering out the details of a plan designed to free about 290 billion kronur ($2.33 billion) held by investors in so-called Glacier bonds, high-yielding krona-denominated notes sold outside Iceland before the financial collapse of 2008.

To read this article:

This entry was posted in Syndicated, Uncategorized. Bookmark the permalink.

Leave a Reply