The vulture fund
Aurelius Capital Management responded by publishing a notice in newspapers in Argentina and elsewhere warning that "the worst is yet to come for Argentina.
Listening to LeCompte's enthusiasm, which is matched by his mastery of the issues, with the vocal support of Francis, no one should bet against Jubilee USA, not even a vulture fund
Premier Foods is reportedly considering the fundraising rights issue as part of a revamp that the company hopes will address debts of approaching PS1bn and see off the attentions of Wall Street vulture fund
But H&T faces competition from other potential bidders, including Albemarle's biggest shareholder EZ Corp, the US pawnbroking giant, as well as New York vulture fund
Apollo Global Management, according to The Sunday Times.
AN American vulture fund
is reportedly circling stricken HMV in a move that could see it become one of the retailer's biggest creditors.
Before the deal could be finalized, a vulture fund
stepped in and bought the debt from Romania for less than 84 million.
There is a difference between being a vulture fund
and being what we call a "Florence Nightingale fund.
Marc Helie, head of a vulture fund
, Gramercy Advisors, whose sole mission so far is to collect on defaulted Ecuadorian and Russian debt, has emerged as one of the loudest defenders of bondholders' rights.
Even though vulture fund
activity provides liquidity for trade creditors and an estimation from the investment community on the viability of bankrupt retailers, the verdict is still out on whether vultures are helping the reorganization process of distressed retailers," Klee noted.
A recently organized but short-lived vulture fund
illustrates the above point.
With a concentration on buying notes directly from banks and real property at auction, the Rothwell Gornt Vulture fund
is buying at 50-65% of "today's market value.
Other potential bidders are said to include Albemarle's biggest shareholder EZ Corp - the US pawnbroking giant - as well as New York vulture fund
Apollo Global Management.