Tag: holdout hedge funds

• Thursday, July 17th 2014 - 05:39 UTC

  “K” economist claims holdout hedge funds are after Argentina’s shale resources

  

  The holdout speculative funds or “vulture funds” are going after Argentina’s resource-rich Vaca Muerta region and are seeking to threaten the government with a “technical default” scenario, economist Agustín D’Atellis.

• Tuesday, July 15th 2014 - 07:07 UTC

  Holdouts call on Argentina to settle debt payments and recall 30 July deadline

  

  Aurelius Capital Management, one of the lead holdout creditors seeking to settle with Argentina over sovereign debt payments from its 2002 default, said on Monday the Argentine government faced a new crisis on July 30 unless it engages in real talks.

• Saturday, July 12th 2014 - 11:21 UTC

  Holdouts claim the Argentine government refuses to negotiate with hedge funds

  

  The holdout hedge fund Elliott Management Corp representative emerged on Friday from five hours of meetings in New York with a court-appointed mediator, claiming the Argentine government still refuses to have negotiation years after its historic default.

• Saturday, July 12th 2014 - 11:00 UTC

  Pollack's hope is that dialogue between holdouts and Argentina will continue

  

  Argentine officials and holdout investors met separately with the New York court-appointed mediator or 'Special Master' for five hours on Friday, presenting their cases in hopes of resolving a litigation on defaulted bonds that has dragged on for years.

• Friday, July 11th 2014 - 06:19 UTC

  JP Morgan requests 'clarification' from Judge Griesa to pay Japanese bondholders

  

  JP Morgan bank, the entity responsible for the payment to Argentina's Japanese bondholders has sent a letter to US Federal Judge Thomas Griesa, requesting “a clarification” in order to deliver the funds to the nation's creditors.

• Friday, July 11th 2014 - 06:14 UTC

  Pollack says Argentina, hold-outs and legal representatives will meet on Friday

  

  Special master Daniel Pollack revealed on Thursday he has been talking with holdout funds and Argentine lawyers “on a daily basis”, one day before an Economy Ministry committee travels to New York to meet the mediator in the funds/Argentina litigation case for the second time.

• Wednesday, July 9th 2014 - 08:21 UTC

  Kicillof blasts holdouts: “they never negotiated or lent money to Argentina”

  

  Argentine Economy minister Axel Kicillof responded fiercely to criticisms directed at him and the Argentine government by Elliott Management portfolio manager Jay Newman, reminding the representative of the holdout investors that they have never lent a cent to Argentina.

• Wednesday, July 9th 2014 - 08:14 UTC

  Mediator Pollack will receive Argentine delegation Friday in follow up meeting

  

  Argentina confirmed on Tuesday that the delegation headed by Economy Minister Axel Kicillof will continue talks with mediation Daniel Pollack, next Friday in New York, a 'follow up' of Monday's first appointment.

• Monday, July 7th 2014 - 07:26 UTC

  Uruguay Vice-president and Latam UN ambassadors claim US justice took sides

  

  Latin American ambassadors to the United Nations (UN) and Uruguay's Vice-president Danilo Astori showed their support to Argentina in its dispute against holdout hedge funds. They agreed that the so-called 'vulture funds' are a risk to debtor nations and that they pose a threat to the region.

• Monday, July 7th 2014 - 07:17 UTC

  Kicillof formally meets 'Special Master' Pollack, but not holdouts delegates

  

  Economy minister Axel Kicillof is heading the Argentine delegation that on Monday will hold a first formal meeting in New York with “Special Master”, financial expert Daniel Pollack, appointed as mediator by Judge Thomas Griesa in negotiations between the sovereign country and holdout hedge funds, according to a release late Sunday from Buenos Aires.