It has been nearly three years this month that an Argentine naval vessel was seized by a major activist hedge fund, with then Argentine President Cristina Fernandez ordering an evacuation of the vessel that Elliott Management’s NML Capital had seized in exchange for payment on defaulted bonds. Paul Singer’s Elliott Management would also target Argentina’s presidential plane, leading Fernandez to fly around the world in a rented aircraft so as not to be subject to Elliott’s seizure attempts. This was but the start of a humorous set of circumstances — humor that came at the expense of Argentina. It is…
Credit Suisse Says Argentina Looks Good Regardless Of Election Results
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.