The snickers over Elliott Management’s fight with the government of Argentina just grew from inside the hedge fund community into the hallowed halls of the US Supreme Court, which heard the case today. Initial victory in information aspect of case seems likely On Monday, US Supreme Court justices provided indication that creditors have a right to seek limited information about Argentina’s non-US assets. The case stems from a 2001 investment Elliott made into Argentine bonds. After the bonds defaulted, Elliott and a small group of investors refused a payment near $0.30 on the dollar. The holdout investors, most notably Elliott,…
Snickers Heard In Supreme Court As Elliott Presses Argentina
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.
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