Argentina Raids Hedge Fund Manager's Factory

May 24 2013 | 10:38am ET

Argentine authorities have raided a factory owned by a U.S. billionaire and hedge fund manager battling the country over its 2001 default.

More than 50 agents of Argentina's federal tax agency searched the Buenos Aires factory of Dart Sudamericana, which makes foam drinking cups. Dart co-owner Kenneth Dart's hedge fund, EM Limited, is among the holdouts from the default 12 years ago, seeking US$700 million, the tax agency noted in a statement.

Dart, Elliott Management and other holdouts, along with Argentina, are awaiting a federal appeals court decision on whether the country has to pay the holdouts in full.


In Depth

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...