MercoPress. South Atlantic News Agency
Hedge fund remains hopeful of a “consensual resolution” of bonds dispute with Argentina
In a letter to investors dated October 28, Elliott Management said it remained hopeful that a “consensual resolution” can be achieved with Argentina regarding the hedge funds dispute. Elliott, which ranks among the industry's most enduring funds, having opened in 1977 with one million dollars in assets, tried to force Argentina to make full payment on bonds it bought more than a decade ago. Read full article
Comments
Disclaimer & comment rulespfffffffffffffffffffffffffffffffffffffffft
Oct 31st, 2013 - 08:52 pm - Link - Report abuse 0Not long now Argentina...
Indeed Stevie.
Nov 01st, 2013 - 09:12 am - Link - Report abuse 0Not long now until Argentina defaults, throwing it's people into extreme poverty.
And after ALL of that - Argentina will still OWE the money AND interest accrued.
Argentina will pay eventually. The hedge funds will just keep piling on the interest.
But as Argentina fails, that can only be good for Uruguay, surely?
Lep
Nov 01st, 2013 - 10:41 am - Link - Report abuse 0If there's a place where a will to negotiate is a sign of weakness and lack of belief in your own case, it would be in a Court...
@3 But crooked argieland doesn't “negotiate” does it? Did Nestor “negotiate” the debt restructuring? No! Only, this time, the opposition is tougher, has more money and is better at finance. And most of the world has turned against argieland, hasn't it?
Nov 01st, 2013 - 11:52 am - Link - Report abuse 0Personally, I hope Argentina drags this one out to last a Century.
Nov 01st, 2013 - 12:03 pm - Link - Report abuse 0The debt restructuring was accepted by many, and the others sold their share to the vulture funds.
Great.
Everybody got a deal except the vultures.
I can live with that.
Just like they were forced to pay ICSID judgments the Rgs will pay the holdouts.
Nov 01st, 2013 - 12:59 pm - Link - Report abuse 0I've said for a long time, in the end Rg will negotiate payment the Billionaires are smarter and can outlast the gov't.
I hope that they will be able to start to seize assets that Arg thinks are immune.
That will be funny
YPF stock anyone?
You mean like Repsol going to Argentina and taking over the oil fields?
Nov 01st, 2013 - 01:10 pm - Link - Report abuse 0Or merely telling yourself that that particular stock is someone elses?
That would be funny indeed...
Repsol will be paid, 51% of the YPF stock is owned by Arg but and there is a big but, its on the NYSE and Singer could take control of it by seizure if Arg loses AGAIN as Always in the NYC courts.
Nov 01st, 2013 - 01:48 pm - Link - Report abuse 0It is just a matter of time.
Repsol will get paid back soon enough they can also block the sale of oil from Vaca Muerte ( and what ever else they had stolen) once the cases get through the courts. No biggy they can wait out the ailing K regime.
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