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MercoPress, en Español

Montevideo, April 25th 2024 - 09:04 UTC

Tag: John Paulson

  • Thursday, October 31st 2013 - 20:44 UTC

    Hedge fund remains hopeful of a “consensual resolution” of bonds dispute with Argentina

    Paul Singer blasted the US Federal Reserve's easy money policies which “have distorted the economy and created big risks for markets and investors alike”

    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.