Sentences with phrase «vulture fund»

Even with hedge funds vanishing from the agenda, debt relief advocacy group Jubilee South called on the G - 8 governments to protect poorer countries from vulture funds, or investors who buy up debt at rock - bottom prices and then sue for the full value.
«It's a legalized cartel that represents the moneyed interest of Wall Street, of vulture funds,» he said.
«The G - 8 governments claim to support calls for responsible behavior by lenders like vulture funds,» Lidy Nacpil of Jubilee South said in a statement.
The finance ministers of the G - 8 recently agreed to examine vulture funds, but without a specific timeline.
According to Griesa (uniquely), this means that if any creditor or vulture fund refuses to participate in a debt writedown, no such agreement can be reached and the sovereign government can not pay any bondholders anywhere in the world, regardless of what foreign jurisdiction the bonds were issued under.
Until now, only a few of the names of the hedge and vulture fund companies referred to as the Ad Hoc Group of Puerto Rico are known, because the group, as well as La Fortaleza and the Government Development Bank (GDB), have refused to reveal the details of its members.
Or is it fair for banks and even vulture funds to get whatever they can squeeze out of debtors?
«This imbalance of power has led to a flawed relationship in which the U.S. prioritizes Puerto Rico's credit obligations — held primarily by vulture funds from the U.S. — over its inhabitants» quality of life.»
Vulture funds bought the holdings of those that didn't, and went on to fight in court with colorful outcomes from time to time.
He's hoping the union officials would consider investing some of their groups» pensions with him — such vulture funds typically expect a roughly 20 percent return, according to the paper.
There is a lot of money in vulture funds relative to the opportunities at present.
At the same time, deteriorating property fundamentals might help bring about some distressed asset opportunities for cash - flush vulture funds, according to Warner.
The buyers were vulture funds.
This is what Paul Singer's vulture fund has done with Argentina, writing new international law that will apply to Ukraine.
Even LexisNexis's Law360, which first reported the lawsuit, describes Alden as a «much - maligned «vulture fund.
The track record of the hedge and vulture funds that have arrived to Puerto Rico is, in a way, a preview of what the island can expect during and after the contentious negotiation process of its debt.
This would block the government from paying foreign bankers and the vulture funds that have been buying up Greek debt at a deepening discount.
So the government has made permanent the former temporary ban on profiteering «vulture funds», persecuting the most indebted countries, and backed the «Publish What You Pay» campaign to bring transparency to multinational oil and mining companies» payments to developing world governments.
King also called on Wilson to «correct the record by disclosing how much investor value you lost or gained» during his last three years at the «vulture fund» Silver Point Capital.
Paul Singer, the billionaire founder of Elliot Management — a vulture fund that mainly gets rich by scooping up the debt of countries in distress at a discount and bullying them into paying full value — also dumped $ 500,000 into New York Wins PAC, according to federal election filings.
But the impending trial isn't stopping the Luv Gov from trying to drum up support for a so - called «vulture fund
A major downturn in the economy can force young companies into failure - or into the talons of a vulture fund that takes it private.
If you were managing a vulture fund, when would you deploy your cash?
The suit was brought by a so - called «vulture fund» investment company — FG Hemisphere Associates — against the DRC for failure to pay an arbitration award the company won for its involvement in financing of a power facility in the territory.
A «vulture fund» — including a newly incorporated company with a share capital of only # 1 that has not traded and has...
-- Kensington International Limited v Montrow International Limited (2008): instructed in relation to the challenge in the High Court of the British Virgin Islands and the Court of Appeal of the Eastern Caribbean Supreme Court of the status of a so - called «vulture fund» as creditor of a company alleged to be the alter ego of the Republic of Congo.
«Even though buyers overpaid for properties, loans aren't in default yet because today's net operating income still covers a 5 % interest - only mortgage,» says Clemente, whose firm has launched a $ 1 billion vulture fund to acquire distressed properties.
Clemente of Clemente Development, which is raising a vulture fund, is betting that CMBS loans made on projections of future rents rather than current rents will lead to rampant defaults.
At the same time, institutional buyers and vulture funds have largely stayed away from the acquisition market because they perceive cap rates have room to go up, says Gill Warner, senior director with Stan Johnson Company, a Tulsa, Okla. - based commercial real estate investment firm.
«I have had a private equity firm already talk to me about how to develop an investment strategy as a vulture fund for apartments to be implemented in the next two years,» he says.
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