Mark Brodsky’s Capital Management, categorized as a “vulture fund” due to its strategy proclivity for purchasing sovereign debt of troubled nations at a discount and then demanding payment in full, has a new investment. Ukraine debt, which reached a low of 35 cents, now trading near 78 cents on the dollar Reuters is reporting that Aurelius is purchasing Ukraine sovereign bonds and is seeking to improve a debt workout deal. Broadsky cut his teeth at Elliott Management, another fund famous for purchasing debt of troubled nations such as Argentina and then challenging previous agreements that allow for partial payment. Ukrainian…
Aurelius Capital Buyer of Distressed Ukraine Debt
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.