As the ugly and often bizarre nature of Argentina’s debt default played out in public, Eric LeCompte pushed for a single solution: an international bankruptcy process for sovereign nations. leCompte’s meeting with Pope Francis LeCompte, executive director of Jubilee USA Network, a religious group advocating for humane debt relief in an increasingly struggling global economy, had met with Pope Francis on the issue, noting the humanitarian issues the world would face without an organized method to deal with the growing problem. LeCompte’s prayers were answered Friday, as new rules being developed by the International Capital Markets Association (ICMA), whose members…
Argentina in Mind, Organization Seeks Ban On "Holdout Hedge Funds" Debt Tactic
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.