As Bloomberg reports that Argentina will negotiate with the bond investor holdouts, the country carries in its pocket powerful negotiating tools. Argentina to negotiate with the holdout group According to a report from Manhattan federal court today, a lawyer for Argentina said it will negotiate with the holdout group, including Elliott Management Corp’s NML Capital, which is owed $1.6 billion. The issue, however, isn’t the money owed to NML and other holdouts. It is the total amount the settlement could cost the Latin American nation just emerging from a nasty recession. Estimates are that Argentina could be on the hook for…
Argentina Will Negotiate With Holdout Investors
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.