Matlinpatterson Seeks $300 Million For Puerto Rico Recovery Fund

(Reuters) MatlinPatterson hopes to raise $300 million from investors to bet on Puerto Rico’s economic recovery, according to marketing materials seen by Reuters.The New York-based private investment firm, which specializes in debt, is already among a group of hedge funds and other investors seeking to make money on Puerto Rico, a U.S. commonwealth in the Caribbean facing severe financial problems.

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