Hedge Funds Notch Big "Win" In Argentina As Precedents Being Set
A significant chapter in hedge fund history – perhaps the oddest, but also the most precedent setting – appears to be drawing to a close. As Argentina's 50-year old wunderkind finance minister, former JPMorgan banker Alfonso Pratt Gay, appears to have tamed the hedge fund monsters demanding payment on its foreign debt, a clear victory for the hedge funds is at hand – one that is already altering future courses . . .
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