Puerto Rico Lawsuit Suggesting Split Among Creditor Groups
- Aurelius, Autonomy, Fundamental, and Monarch said behind suit
- Claim filed by special purpose vehicles that limit liablities
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A closer look at the hedge funds behind the lawsuit contesting Puerto Rico’s debt-moratorium law may suggest a widening division among the holders of the island’s general-obligation bonds.
While the suit was filed this week against the commonwealth by little known entities specifically set up to limit liabilities, the firms are Aurelius Capital Management, Autonomy Capital, Fundamental Advisors and Monarch Alternative Capital, according to a person familiar with the parties involved in the legal dispute. Representatives for the four hedge funds didn’t have any immediate comments.