NYC Pension Urges Hedge Funds to Ease Puerto Rico Crisis

Updated on
  • Civil employees' pension warns against `draconian' terms
  • Letter comes week after mayor calls hedge funds `predators'

New York City’s $53 billion civil-employees’ pension is urging its hedge funds and distressed debt managers that hold Puerto Rico bonds to “find a just and equitable solution” to the commonwealth’s debt crisis. 

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