Israeli company may help Argentina to escape huge hedge fund debts

Haaretz – Black Cube, a business intelligence startup owned by Israelis, is negotiating with the government of Argentina for the hiring of its services. Argentina wants Black Cube to collect intelligence on the U.S. hedge fund Elliott Management, which has taken Argentina to court in New York to force it to pay up on bonds the country previously restructured. A federal court in Manhattan has ordered Buenos Aires to make the payments on the bonds owned by a number of hedge funds — and barred it from paying its main bondholders until it settles with Elliott Management, forcing Argentina into default on the new bonds.

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