Hedge Fund Buys Peru's Defaulted Debt, Demands Payment In Full

As a U.S. hedge fund snatches up old, defaulted bonds and pressures the government of Peru to pay-up in full, Peruvian leaders might do well to check their trade agreements carefully because what is likely to force their hand is one of the most controversial components of the Trans Pacific Partnership: the ISDS dispute settlement process. As IMF meets in Lima, Peru the hot topic is a hedge fund’s aggressive actions As International Monetary Fund world economic leaders meet in Lima, Peru this week, the topic on diplomatic minds are efforts by Gramercy, a hedge fund known for buying up bad debt…