Venezuela’s Creditors Begin Organizing Among Themselves
- Group is in early stages, meeting with potential attorneys
- Ashmore, Fidelity, BlackRock, Greylock also part of group
Venezuela's PDVSA in Default
As Venezuela struggles to make bond payments on time, about a dozen institutions holding the country’s debt are in the early stages of organizing themselves and meeting with attorneys, according to people with knowledge of the matter.
The group -- which isn’t yet an official committee -- includes mutual-fund managers Pacific Investment Management Co., T. Rowe Price Group Inc., Amundi Pioneer, Ashmore Group Plc, AllianceBernstein Holding LP, Fidelity Investments, BlackRock Inc. and Allianz SE, as well as the asset-management arms of Goldman Sachs Group Inc. and HSBC Holdings Plc. It also includes hedge-fund firms Greylock Capital Management, Autonomy Capital, and Warlander Asset Management, said the people, who asked not to be identified because the talks are private.