Fri, May 24, 2013
A A A
Welcome Guest
Free Trial RSS
New! Family Office and Investor Database with 11,750 contacts
Alternative Market Briefing

Argentine debt holdouts go public ahead of court date
Thursday, January 31, 2013

amb
Argentine President
Cristina Fernandez de Kirchner Bailey McCann, Opalesque New York:

Argentine President Cristina Fernndez de Kirchner has some world travel planned, but she won't be doing it on the presidential plane. The plane, Tango 01, has been grounded after the President's lawyer advised her that it might be seized by creditors whenever she lands. Instead, she'll be spending over $800,000 to fly first class to destinations in Asia and the Middle East in a private plane. The plane will cost Argentina about 20% more than it would to fly Tango 01, which is still arguably less than the price to recapture the Boeing 757 if seized. When you're the President of a country coming back from one of the largest sovereign debt defaults in history, who has already had to recapture one of your tall ships off the coast of Africa after it was seized by a well-known hedge fund manager, and who also flatly refuses to pay the debt owed to that manager and many others, this is the math you do.

If you are not now the president of a country in a similar situation, this math might seem crazy, and most of the international community would agree with you. That in of itself might be a sign to take a step back, but, President Kirchner has opted to double......................

To view our full article Click here
Article link
Banner
Today's Exclusives Today's Other Voices Banner More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Endurance Series Trust launches first mutual fund, multi-series trust[more]

    Bailey McCann, Opalesque New York: Endurance Series Trust, a multi-series trust, is launching with Gator Capital Management, LLC as the adviser for the Trust’s first mutual fund series. Endurance Fund Services, LLC, an independently owned and operated fund administration company will serve as t

  2. Morgan Creek Capital Management to acquire Signet Capital Management[more]

    Bailey McCann, Opalesque New York: Investment firm Morgan Creek Capital Management has acquired Signet Capital Management a UK-based credit fund of funds with $700M in assets under management. Under the agreement, Signet will contribute its funds and senior investment management team to Morgan Creek

  3. Moore Capital founder Louis Bacon to anchor $750m senior loan fund[more]

    From PEhub.com: Billionaire hedge fund manager Louis Bacon is placing a big bet on mid-market lending by backing a new firm that is seeking to raise a $750 million debt fund aiming at the lower end of the middle market, two sources told sister magazine Buyouts. Bacon, the founder of Moore Capi

  4. North America – Students are launching hedge funds on colleges across America[more]

    From Valuewalk.com: …From Cornell, whose student-run hedge fund beat Wall Street returns to the University of Michigan, which allows its students to manage as much as $250,000, student hedge fund are becoming a more prominent part of financial education. Their success has attracted the attention of

  5. Passive, Synthetic Royalty Financing Opportunity: Target returns that fall between equity and mezzanine debt, or the mid-teen’s to the mid 20’s, depending on the risk of the specific investment
Click here for More about Opalesque Tracking
- A new, unique Premium Service -
  1. NZARA
  2. 36 South
  3. Cultivar
  4. New Zealand
  5. Aspiring
  1. managed account
  2. Ucits
  3. man group
  4. hedge funds
  5. global macro