Argentina's President Questions IMF Role In Debt Restructuring

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Mark Melin
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Updated on

Argentina’s president Cristina Fernández de Kirchner addressed the United Nations today with a firm tone and pointed to global support in her fight with “vulture” hedge funds, then expressed concern with an International Monetary Fund solution to the problem. Argentina reveals Pope is concerned about the predatory behavior of hedge funds Speaking at the U.N. today, Kirchner mentioned her meeting with Pope Francis on Saturday, reported in ValueWalk, and then revealed the Pope is increasingly concerned regarding the “predatory behavior” of hedge funds who purchase sovereign debt after a default agreement has been reached and then work to undo the…

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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.