Puerto Rico Debt Solutions (Not Hedge Funds) Get Boost From Report

Most hedge fund managers realize there is no such thing as a “risk free rate of return” any longer. All investments, particularly in debt that has previously defaulted, carries risk, which is why the return is elevated. Such is one apparent central argument in a Democratic study, “Profit At Any Cost,” that advocates moving forward on solutions for Puerto Rican debt. The report was prepared by the Democratic staff of the House Natural Resources Committee and reviewed by Bloomberg. Puerto Rico debt: hedge fund managers bet high risk and anticipated high returns, but now are not willing to accept the risk…