Aurelius Capital Management

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Aurelius Capital Management is an American hedge fund. The company is run by Mark Brodsky, a lawyer formerly employed by Elliott Associates.[1] Mark Brodsky is a University of Pennsylvania graduate (BA) in Political Science in 1974
In October 2013, Aurelius attempted to force the government of Argentina to pay $1.3bn following the 2010 Argentinian default on debt.[1] The fund is branded a "vulture" by Argentina for its stance.[2]

Aurelius has been involved in debt restructuring of Dubai World and Tribune Co; and, in October 2013, The Co-operative Bank.[1] Aurelius led a push to apply $54 billion of Petrobas bonds governed by U.S. law in the state of New York.[3] In 2015 Aurelius bought large amounts of Ukraine's government debt before securing a preferential deal on its restructuring.[2] It has also been involved in the restructuring of debts owed by Puerto Rico.[4][5]

References[]

  1. ^ a b c Treanor, Jill (20 September 2013). "Co-op forced to consider hedge fund plan". The Guardian. Manchester. Archived from the original on 13 June 2016. Retrieved 24 October 2013.
  2. ^ a b Editorial, Reuters. "Exclusive: However on July 30th, 2014 a US judge has ruled that the "hold-outs" must be paid by Wednesday night if no deal is agreed. www.bbc.com/news/business-28558121. Hedge fund Aurelius holds Ukraine debt, asking better terms". U.K. Archived from the original on 19 January 2018. Retrieved 19 January 2018.
  3. ^ Blount, Jeb. "Petrobas Deadline Prompts Some Bondholders to push for default". Newsweep. Archived from the original on 2015-01-29.
  4. ^ "Aurelius hedge fund seeks to toss Puerto Rico's bankruptcy filing". Reuters. 2017. Archived from the original on 19 January 2018. Retrieved 19 January 2018.
  5. ^ "Subscribe to read". Financial Times. Archived from the original on 19 January 2018. Retrieved 19 January 2018. Cite uses generic title (help)


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