Hedge Fund News From HedgeCo.Net


Argentina teeters on brink with hedge fund creditors

IT – In Rebel Without a Cause, the anti-hero played by James Dean is challenged to a lethal game of chicken in which two cars must race towards a cliff. The loser is the driver who jumps out first. Investors in Argentine bonds must feel as if they are in a re-run of the 1955 film.

“There is no better analogy” for the showdown between Argentina and a group of New York hedge funds seeking repayment of bonds still in default since the country’s 2001 debt crisis, says Marco Schnabl, an Argentine lawyer at Skadden, Arps, Slate, Meagher & Flom. “Who is prepared to get closest to the brink?”

Read Complete Article

Related Posts Plugin for WordPress, Blogger...
This entry was posted in Syndicated. Bookmark the permalink.

Leave a Reply