Hedge Fund News From HedgeCo.Net

In Battle With Hedge Funds, a Small Victory for Argentina

DealBook – A decade-long quest by hedge funds led by Elliott Management and Aurelius Capital Management to force Argentina to pay up on the country’s defaulted debt is going to last a bit longer.

On Wednesday, the United States Court of Appeals for the Second Circuit issued a stay of a lower court’s order that would have required Argentina to set aside $1.33 billion to pay holders of its old, defaulted debt if and when it made any payments on its new debt.

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