Argentina’s financial elite were shocked with the US Supreme Court ruling, handing a win to Paul Singer of Elliott Management and other “holdout” investors who are now in a position to collect on the debt owed to it. However, Argentina, as planned, is moving to restructure their debt, which could leave the holdouts in the cold, for now. Argentina expected to default on its bonds “It seems to Paul Clement and to us that a denial of the cert petition in the first opportunity that the Court has to deal with the case is the least likely scenario, but it…
Argentina Defaulting As Planned
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.