As Argentina celebrates a “victory” at the Paris Club, its time to sober up because negotiations with Elliott might not be easy. Golf claps as Argentina completes negotiations with sympathetic French Up until 2 AM negotiating, Argentine President Cristina Fernandez de Kirchner received congratulatory golf claps as her country agreed to pay over $9.7 billion in claims over old debt. In 2001 the country defaulted on bondholders, sticking them with a $95 billion check as they shot out the restaurant door without paying. “It’s clearly positive that Argentina finally resolved this issue” with the Paris Club, Jorge Mariscal, chief investment officer…
Argentina Finishes Paris Club Negotiations, Swings At Elliott
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.