Negotiations over Puerto Rican bonds are at a critical stage where one of two paths can be chosen. The outcome could set a sovereign debt precedent and create a situation that solves long-term problems in the region, providing a roadmap for other sovereign debt issues to be resolved. Or it could create a short-term fix that would require further restructuring if and when the next natural disaster hits the island. Hanging in the balance are bond investors on one side who were promised a safe return on their investment. On the other hand are the island’s residents who continue to struggle…
Puerto Rican Debt Negotiations At Critical Crossroads
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.