Snickers Heard In Supreme Court As Elliott Presses Argentina

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...