January 19, 2018
Tuesday, April 29, 2014

Vulture Funds prefer debt negotiation with Scioli, Massa, Macri

Paul Singer, head of Elliot Management Hedge Fund.
Paul Singer, head of Elliot Management Hedge Fund.
Paul Singer, head of Elliot Management Hedge Fund.

Elliot Management Hedge Fund warned today that President Cristina Fernández de Kirchner's administration refuses to negotiate a solution over debt in default, stating that they would prefer to seek a solution with the head of state's successor in 2015.

The organisation, fronted by Paul Singer, suggested presidential pre-candidates such as Daniel Scioli, Sergio Massa, or Mauricio Macri would be more open to negotiations than the government led by Fernández de Kirchner.

According to statements published earlier by Bloomberg news agency, the so called ‘vulture fund’ expressed that "Radio silence is the best description for the current regime’s response to our frequent requests to negotiate a resolution,” and defined Axel Kicillof economical team as “inexperienced”.

Argentina has refused to pay the holdout bondholders, who maintain one of many lawsuits filed after the nation's historic 2002 sovereign debt default.

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Tags:  Argentina  Vulture Funds  Paul Singer  Debt swap  CFK  

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