Move Over, Elliott. Argentina’s New Bond-Market Nemesis Is Fidelity.

📆 23-02-20 16:42:00
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Mutual fund giant Fidelity isn’t known for tough tactics, but its hard line on a $250 million bond payment underscores the growing power of large fund firms

Nate Van Duzer is a Mormon Church bishop and former West Pointer who handles “special situations” for the Boston mutual-fund giant.

This month he won a standoff with Argentina’s Buenos Aires province by calling the municipality’s bluff when it said it didn’t have enough money to make a $250 million payment, people familiar with the matter said.

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I'd be pretty 'hard-line' if I was owed $250 million dollars...

wow

I’m invested in shorting subprime car loans. Defaults are up just like the housing crisis had...

Looks like actually people do have money more than they need . $ 250 million Bond -- that's huge income . Wondering it's tax free .

Wait, was anyone investing in Argentinean bonds?

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