Tag: Vulture funds

• Friday, March 4th 2016 - 07:02 UTC

  Paul Singer will have made a $2.4bn profit with the Argentine defaulted bonds

  

  Elliott Management Corp., a New York-based hedge fund that invested in distressed Argentine government bonds well over a decade ago, will have made a $2.4 billion profit on its wager once this week's settlement is finalized, the Wall Street Journal said.

• Thursday, December 10th 2015 - 08:18 UTC

  Pollack confirms Macri´s administration intention of negotiating with hedge funds

  

  The court-appointed mediator in a long-running debt dispute pitting Argentina against holdout hedge funds said Wednesday that President-elect Mauricio Macri's incoming administration intended to negotiate a settlement.

• Thursday, December 3rd 2015 - 07:10 UTC

  Ambassador Castro thanks all those British who support the Malvinas Question

  

  Argentine ambassador in London, Alicia Castro was a guest speaker at the Latin America conference held at the TUC headquarters, alongside other well known political and trade union figures.Her speech was met with a standing ovation from an audience of over 500 British attendants, whom she thanked for supporting Argentina on the Malvinas Question and in the litigation with the speculative or 'vulture' funds.

• Tuesday, September 29th 2015 - 05:17 UTC

  Cristina Fernandez points her guns to the US and 'vulture funds', but no word on the Falklands

  

  Addressing the UN General Assembly, President Cristina Fernandez accused the United States of 'protecting' a former Argentine intelligence agent, blasted the speculative or 'vulture funds', gave details of the Iran-US-Argentina dealings and to everybody's surprise did not mention a word about the Falkland Islands sovereignty claim.

• Thursday, August 13th 2015 - 06:45 UTC

  Griesa sanctions Argentina for not turning in information on assets

  

  New York district judge Thomas Griesa has said he will consider all Argentine government assets in the United States, except for diplomatic and military ones, as commercial assets which hedge fund NML Capital could try to seize.

• Saturday, August 8th 2015 - 08:54 UTC

  Argentine embassy in US launches website on the struggle with 'vulture funds'

  

  The Argentine Embassy in the United States has launched a website to explain the conflict between Argentina and holdout investors commonly referred to as “vulture funds”. The website explains the origins of the conflict, its history, and provides documents and expert opinions on the subject. Its virtual library has until now over 200 documents and 100 independent sources.

• Tuesday, June 2nd 2015 - 05:32 UTC

  Argentina states 'lack of confidence' in mediator Pollack named by Judge Griesa

  

  The Argentine government has turned down a plea from mediator Daniel Pollack to return to the negotiating table with holdout investors, with the Economy Ministry considering that talks with the speculative funds, so-called 'vulture funds', would be inappropriate given the behavior of the litigants.

• Thursday, March 26th 2015 - 09:20 UTC

  Argentina considers Citigroup deal with US Judge Griesa could have violated local law

  

  Argentina's Economy Minister Axel Kicillof said on Wednesday a deal between Citigroup Inc and U.S. judge Thomas Griesa allowing the banking giant to process two Argentine debt payments violated the country's laws.

• Thursday, March 26th 2015 - 08:22 UTC

  Griesa blocks Euroclear from processing any Argentina bonds payments

  

  New York judge Thomas Griesa on Wednesday barred Euroclear, the giant Belgium-based financial clearing and settlement house, from processing any debt payments by Argentina. In the newest step tightening Buenos Aires' avenues for avoiding paying off hedge funds on their bonds, Griesa forbade Euroclear from processing “any payments received from any source” in respect to Argentine bonds.

• Wednesday, March 25th 2015 - 07:30 UTC

  New York Court of Appeals delays decision on Argentina's contempt of court

  

  The New York Court of Appeals has decided to push back its decision on Argentina for another week, as the Cristina Fernandez administration seeks to overturn the contempt ruling imposed by judge Thomas Griesa in the ongoing conflict against holdout investors.