A Peruvian judge who sat on the country’s highest constitutional court said in a criminal complaint that his signature on a key bond default ruling was altered, the Financial Times is reporting. The charges leave distressed debt hedge fund Gramercy Funds Management scratching its head, looking for a higher judicial authority, the hedge fund said in an interview with Valuewalk. The latest corruption charges coming from Peru adds fuel to the fire of bondholders such as Gramercy who are disputing a unilateral offer by the government that, based on a report by a reputable international accounting...
Apparent Peruvian Judicial Shell Game Has Gramercy Searching For Options
Mark Melin
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Subscribe and get an extra 30% off annual with code LETTERSMark 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.