Singer Questions Argentina’s Willingness to Settle Debt Dispute
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Billionaire hedge-fund manager Paul Singer said it’s tough to guess what Argentina will do following expiration of a bond clause that the country has used as an excuse not to settle with holdout creditors.
“The government of Argentina has elevated a commercial dispute -- and they have not counter-offered -- and are posturing it as something about national dignity,” Singer, who runs Elliott Management, said today at a conference sponsored by the New York Times’ DealBook in New York. It’s “difficult to predict what they will do after Jan. 1.”