From the Post: The billionaire’s decade-long legal battle to force Argentina to pay off the debt it owes his $21.8 billion Elliott Management hedge fund has hit one roadblock after another. The country’s latest offer to give Elliott far less than what it wants — presented to a
In his latest quarterly letter to investors, obtained by The
Post, Singer outlined what he called Argentina ’s “name-calling,
scapegoating, bullying, fear-mongering and taunts” to brand Elliott and other
bondholders “vultures.” What’s “little
known,” he said, is that Elliott “started purchasing Argentine debt before the
2001 default” — a clear attempt to show that the fund is no vulture picking at
the carcass and that it has paid more for the bonds than Argentina
suggests….
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