Go figure. Paul Singer appears to have changed his tune on Argentina . After a decade of aggressively pursuing $1.44
billion he claims the country owes him and a group of bondholders, including
successfully pressing Ghana to seize a locally docked Argentine naval vessel to
help pay down the debt, the billionaire New York hedge fund mogul is sounding
like Bobby McFerrin in “Don’t Worry, Be Happy.”
Singer’s Elliott Management now feels Argentina will
do the right thing, according to recent court filings.
It’s quite a change from last fall’s legal arguments, in
which Singer urged a federal judge to hurry up and force Buenos Aires to put some of the monies owed
into escrow, citing the country’s president’s plot to avoid the debt payment. Such a move would have put Argentina into
default…...
Read all about it at http://www.nypost.com/p/news/business/singer_sewing_change_CJHP0L1KW5zegZcYpBuTyI
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