Thursday, 28 August 2014
Last updated 7 hours ago
Nov 2 2012 | 2:21am ET
Elliott Associates is going to take as much of the Argentine navy as it can get its hands on.
Less than a month after seizing—and holding onto—the navy's flagship vessel in Ghana, Elliott affiliate NML Capital has turned its attention to another Argentina naval ship in South Africa. The hedge fund has hired a major South African law firm in an attempt to impound the ARA Espora, which is undergoing repairs in Simonstown.
While the ARA Libertad remains stuck in Ghana, Elliott hopes to boost its navy to two ships with the addition of the Espora. That ship had been in the region for joint naval exercises with South Africa, Brazil and Uruguay.
Argentina, which has prepared for a legal battle, cannot simply sail the Espora out of Simonstown due to its mechanical problems. Repairs could take as long as two months.
Argentina has reacted furiously to the seizure of the Libertad, which it was forced to evacuate last month after Ghanian courts refused to free the ship.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...