Hedge Fund News From HedgeCo.Net


A Hedge Fund Has Physically Seized This Ship From Argentina’s Navy

Business Insider – The above ship is the ARA Libertad, a training ship owned by the Argentine navy. And now it’s been seized. By a hedge fund. While it was docked in Ghana.

Why? Because Argentina is in a long legal battle with the hedge fund Elliott Capital Management, which has been trying for years and years to get Argentina to pay a 2001 bond it owes in full. Because it’s recently won a court judgment saying that Argentina owes it money, it was able to get an injunction from the government of Ghana saying it’s entitled to pay the ship.

Read Complete Article

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

Leave a Reply