Argentina Reaches Partial Deal on Debt, But Holdouts Remain

  • Montreux Partners, Dart Management accept settlement offer
  • Past offer had imposed losses of 70 percent on defaulted bonds

Paul Singer, president, co-chief executive officer, and co-chief investment officer of Elliott Management Corp.

Photographer: Jacob Kepler/Bloomberg

Argentina reached preliminary accords with two of the six biggest creditors that successfully sued the country over its $95 billion default in 2001 yet the leader of the so-called holdout funds, billionaire Paul Singer’s Elliott Management, wasn’t among them.

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