Argentina’s dispute with Elliott Management was taken to a higher authority recently, as Pope Francis term “savage capitalism” was used to describe the actions of hedge fund players in the pursuit of sovereign nation debt payments. Argentina’s Pope Francis critical of the global financial system In a May 21 meeting with Pope Francis, Eric LeCompte, executive director at Jubliee USA, presented an amicus brief in support of Argentina in the battle with what Lecompte called “vulture hedge funds.” Pope Francis, an Argentine native and a former Cardinal from the region, was critical of the global financial system first used the…
Argentina’s Dispute With Hedge Funds Goes To Pope Francis
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.