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 of action. Vulture hedge funds have won in Argentina, claims hedge fund opponent “They won,” proclaimed a concerned Eric LeCompte, a U.N. sovereign debt expert and executive director of Jubliee USA,…
Hedge Funds Notch Big "Win" In Argentina As Precedents Being Set
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.