Aurelius Capital Buyer of Distressed Ukraine Debt

Mark Brodsky’s Capital Management, categorized as a “vulture fund” due to its strategy proclivity for purchasing sovereign debt of troubled nations at a discount and then demanding payment in full, has a new investment.

Ukraine debt, which reached a low of 35 cents, now trading near 78 cents on the dollar

Reuters is reporting that Aurelius is purchasing Ukraine sovereign bonds and is seeking to improve a debt workout deal.

Broadsky cut his teeth at Elliott Management, another fund famous for purchasing debt of troubled nations such as Argentina and then challenging previous agreements that allow for partial payment.

Ukrainian sovereign debt had dropped in value to 35 cents...