Tag: hedge funds

• Monday, May 6th 2019 - 09:34 UTC

  Brazil's best performing hedge funds bet heavily on Petrobras

  

  One of Brazil’s best-performing hedge funds has been scooping up the shares of state-controlled oil giant Petrobras. Joao Braga and Marcos Peixoto, who manage US$ 1.3 billion (5 billion reais) at XP Asset Management, have increased their stake in Petrobras, making it the biggest holding of their XP Long Biased fund even as the oil producer’s rally has outpaced the benchmark.

• Wednesday, December 27th 2017 - 11:02 UTC

  Federal Judge Griesa who presided over Argentina's dispute with hedge funds, has died

  

  A New York federal judge who drew the ire of Argentine government officials in a long-running case over Argentina’s debts has died. Judge Thomas P. Griesa was 87, and spent 45 years on the federal bench.

• Sunday, April 3rd 2016 - 07:35 UTC

  Argentina promulgates bill which allows for payment of accord with bondholders

  The Argentine government made official the accord reached with the holdout funds sponsored by a New York federal court, to pay for defaulted bonds in a fifteen year litigation, following the approval of the bill by the Senate. This means Argentina can now look for funds in the international monetary market.

• Wednesday, March 16th 2016 - 17:29 UTC

  Judge Griesa sends strong message of support for Argentina at crucial moment

  

  As the Argentine congress started to debate an end to the 15-year litigation, United States District Judge Thomas Griesa sent a new message of support to Argentina by claiming he won’t allow any attempts to seize the funds to be used by Argentina to pay the holdout creditors.

• Tuesday, March 1st 2016 - 05:05 UTC

  Special Master announces settlement of 15-year battle between Argentina and 'holdout' hedge funds

  

  Daniel A. Pollack, Special Master appointed to preside over settlement negotiations between the Republic of Argentina and its “Holdout” Bondholders, this morning (29 February) issued the following statement:

• Thursday, February 25th 2016 - 06:16 UTC

  Argentina in pre-accord with toughest hedge funds; Special Master Pollack furious

  

  Argentina and a group of hedge funds are nearing a deal that would pay investors about 70% of what they say they are owed, as the government moves closer to re-entering the global bond markets following its 2001 default.

• Tuesday, February 23rd 2016 - 06:56 UTC

  Argentina to issue 15bn in bonds to end litigation with holdouts and return to global money markets

  

  Argentina is planning to issue an estimated 15bn dollars in bonds, with which to pay the bondholders involved in years of litigation, and thus abandon its default situation which impedes it from having access to global money markets. The news was released by the Argentine Ministry of Finance.

• Monday, February 22nd 2016 - 09:03 UTC

  Argentine government optimistic Congress will lift 'paddock bill' as requested by Judge Griesa

  

  The administration of president Mauricio Macri is optimistic that Congress will lift the Padlock Law (Ley Cerrojo) clearing the way for Argentina’s long-standing dispute against so called speculative funds to be settled, Cabinet Chief Marcos Peña said.

• Saturday, February 20th 2016 - 06:41 UTC

  Griesa prepared to drop injunction if Argentine congress repeals 'lock law'

  

  The judge presiding over a long-running battle between Argentina and a group of New York hedge funds said on Friday that he would lift an injunction that had locked Argentina out of international markets, if certain conditions are met.

• Saturday, February 13th 2016 - 05:40 UTC

  Aurelius hedge fund “baffled” by Argentina's decision to 'continue litigation'

  

  Hedge fund Aurelius Capital Management, one of the major creditors in the Argentine bond litigation who has not agreed to participate in a proposed $6.5 billion settlement, called Argentina's decision to return to court in the dispute “baffling.”