Judge Griesa Lashes Out At Argentina; Elliott Voted For Default

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Mark Melin
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US District Judge Thomas P. Griesa lashed out at the government of Argentina in court today while ISDA vote documents show a unanimous default decision and reveal that Elliott Management participated in the ISDA vote and deliberations. Griesa says Argentina’s actions are “lawless” Griesa described Argentina’s ignoring US authority as “lawless” and charged the nation with engaging in delivering “half-truths” that “are false and misleading.” As previously reported in ValueWalk on several occasions, Argentina was not expected to engage in much negotiation on the matter and default was the likely outcome. Despite presenting a public façade they were engaged in…

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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.