Tag: Elliot Management fund

Friday, August 29th 2014 - 08:07 UTC
Singer extends 'discovery' looking for Argentine assets in Chinese banks

As it did in Nevada and California, a unit of billionaire Paul Singer's Elliott Management, which is Argentina's main holdout creditor, is extending its legal fight with the country to China. NML Capital served subpoenas this week to Bank of China (BOC) and Industrial and Commercial Bank of China (ICBC) in an effort to obtain information on 6.8bn dollars in financing for deals signed by the two countries in July.
Wednesday, August 27th 2014 - 06:42 UTC
Singer recruits former Secretary of State Albright for its dispute with Argentina

Billionaire Paul Singer, founder and CEO of hedge fund Elliott Management Corporation has picked up some major political muscle to press his case in the long-running debt battle with Argentina, reports the New York Post.
Wednesday, August 20th 2014 - 10:06 UTC
Argentina gambling industry tycoon closes Miami casino for a year

Argentine gambling industry tycoon Cristobal Lopez and who has been targeted by Paul Singer from Elliott Management in his hunt for assets connected to Argentine leaders, has closed for 'a year' a casino he owns in Florida and which he only opened last February.
Wednesday, August 20th 2014 - 10:00 UTC
Citi tells Griesa its banking license in Argentina is at risk because of the 'holdouts case'

Citigroup has told the US appeals court overseeing the dispute between Argentina and hedge funds refusing to accept terms of the country's debt restructuring that its Argentine banking license may be at risk as a result of the standoff.
Wednesday, August 20th 2014 - 09:22 UTC
Nervous Cristina skirts New York court and pledges to service swapped bonds in Argentina

President Cristina Fernandez said on Tuesday her government will move to service its defaulted debt in Argentina or allow bondholders to swap their bonds for new bonds governed by national law in order to get around a U.S. court order.
Saturday, August 16th 2014 - 11:32 UTC
Trust in Argentine reliability has vanished, as a result of the bonds' litigation

Debt talks on Argentina’s defaulted bonds in the hands of holdout hedge funds ultimately collapsed this week due to disagreements over prices and the absence of a government guarantee to honor payments on the paper, sources close to the discussions said.
Thursday, August 14th 2014 - 06:44 UTC
Aurelius Capital confirms no deal with banks on Argentina's bonds

Argentine holdout creditor Aurelius Capital Management has said that after talks with many financial institutions, the prospects for finding a private-settlement solution to the Argentine sovereign debt dispute had garnered no realistic proposals.
Thursday, August 14th 2014 - 06:34 UTC
Talks between global banks and Argentine creditor hedge fund “collapsed”

Talks between a group of global banks and at least one major hedge fund about buying a portion of the fund's exposure to Argentine debt have collapsed, a person familiar with the matter told sources in Buenos Aires, amid concerns that the Argentine government has dug in to its refusal to pay certain creditors what they are owed and may not relent for months to come.
Thursday, August 14th 2014 - 05:41 UTC
US Nevada court grants 'holdouts' discovery rights into assets of Kirchner family friends

The hedge fund Elliott Management secured a victory on Tuesday in its pursuit of Argentine assets abroad, as a court in the US state of Nevada granted the corporation discovery rights to 123 companies allegedly linked to the Santa Cruz public works tycoon Lazaro Baez, and believed to be closely linked to the Kirchner family.
Friday, August 8th 2014 - 08:57 UTC
Argentina urges Obama to intercede in holdouts case: Griesa is 'interfering with US foreign policy'

Argentine President Cristina Fernández on Thursday urged US President Barack Obama to intercede in the dispute between Argentina and holdouts over Argentine debt, while blasting New York judge Thomas Griesa for “not making any sense”.