The hedge funds and insurance companies that want financially strapped Puerto Rico to pay them back in full may have found a new ally: Corey Lewandowski.
When New Jersey decided to bail out some of its tobacco bonds, the state gave up $400 million in future revenues to pocket $92 million immediately, an arrangement that also helped one savvy investor cash in on a big bet.
Argentina has now taken the U.S. to The Hague for blocking the country’s 2005 settlement with the bulk of its creditors. The issue underscores the need for an international mechanism for nations to go bankrupt. Better yet would be a sustainable global monetary scheme that avoids the need for sovereign bankruptcy.
Does anyone seriously believe hedge-fund mogul Steven A. Cohen is worth the $2.3 billion he raked in last year, despite being slapped with a $1.8 billion fine after his firm pleaded guilty to insider trading?
Likely leaders of a Hillary Clinton administration are helping hedge fund billionaire Paul Singer wring hundreds of millions of dollars out of Argentina, a move that could derail the country's long climb back into solvency and undermine debt settlements worldwide.Likely leaders of a Hillary Clinton administration are helping hedge fund billionaire Paul Singer wring hundreds of millions of dollars from Argentina.
Two key decisions by the New Jersey governor have redistributed wealth from pensioners to hedge fund managers while throwing the state's finances into chaos.
Through testimony from the people who built it, Dutch filmmaker Marije Meerman gives us a singular view into the dark and dangerous future of investment and trade.
How did two hedge funds that have fewer than 100 employees each make as much money as Apple Inc., which relies on the hard work of its nearly 30,000 U.S. employees and an additional 700,000 workers and contractors globally?
President Obama is to be applauded for questioning Mitt Romney's legacy, although his motives seem to be as opportunistic as those of Romney's opponents in the Republican primaries who took the same tack.President Obama is to be applauded for questioning Mitt Romney's legacy, although his motives seem to be as opportunistic as those of Romney's opponents in the Republican primaries.