Tag: hedge funds

• Saturday, July 13th 2013 - 13:28 UTC

  Cristina Fernandez admits few European countries are a flying option for her

  

  President Cristina Fernandez revealed during the Mercosur summit in Uruguay on Friday that as a result of the judicial dispute between Argentina and the hedge funds, a few countries in Europe are not a flying option for her.

• Friday, March 1st 2013 - 14:21 UTC

  Markets fear Argentina could be en route to a ‘technical’ default

  

  “We are representing a government, and governments will not be told to do things that fundamentally violate their principles” lawyer Jonathan Blackman told the Manhattan US appeals court.

• Thursday, February 28th 2013 - 06:13 UTC

  Argentina urges ‘workable’ solution from US appeals court to dispute with holdout bondholders

  

  Argentina's defence urged a US appeals court on Wednesday to come up with a “workable” solution to its long-running fight with so-called holdout bondholders, and assured the country will not pay an amount exceeding the one set in the debt-swaps.

• Monday, February 25th 2013 - 06:22 UTC

  Argentina and ‘holdout hedge funds’ prepare for the final clash this week

  

  The long-awaited showdown in a US appeals court this week pits Argentina against a group of investors who refused to swap their debt after the country's historic 2002 default.

• Monday, February 4th 2013 - 04:51 UTC

  Argentina prepares for the ‘mother of all battles’ against ‘holdout’ bondholders

  

  Argentina has made its final written arguments ahead of a February 27 US courtroom showdown against “holdout” bondholders demanding full payment of capital plus interests for sovereign debt from the default of more than a decade ago.

• Saturday, February 2nd 2013 - 20:07 UTC

  Argentina lashes back at the IMF but announces new CPI for this year

  

  Following Friday’s IMF ‘declaration of censure’ on Argentina because of the lack of reliability in its inflation and GDP stats, and the country’s first reaction virtually describing the Fund as mother of all financial evils, Minister of Economy Hernan Lorenzino announced a new ‘national’ Consumers Prices Index to be implemented in the course of this year and which will replace the current GBA-IPC.

• Monday, January 28th 2013 - 06:02 UTC

  Hedge funds insist in New York court Argentina must pay defaulted bonds

  

  Hedge fund investors who refused to join two sovereign debt restructurings by Argentina urged a US court in New York to force the country to pay them.

• Tuesday, May 18th 2010 - 18:01 UTC

  EU agrees on tougher regulation for hedge funds, in spite of UK objections

  

  European Union finance ministers have agreed to introduce tougher regulation of the hedge fund industry. Ministers overrode objections by the new UK government and the City of London, where 80% of European funds are based.