Thursday, 31 July 2014
Last updated 6 hours ago
Mar 19 2014 | 9:20am ET
Elliott Management has turned to a former congressman whose failed Senate campaign was backed lavishly by firm employees to press their case on Argentina’s defaulted debt.
The Elliott-backed American Task Force Argentina has hired former Rep. Connie Mack (R-Fla.) to represent it. The group is Mack’s first lobbying client.
The Task Force seeks to force Argentina to pay holders of its defaulted debt, mainly hedge funds—and notably Elliott. Mack championed Elliott’s case during his time in Congress, which ended in 2012 when he sought election to the U.S. Senate, losing to Sen. Bill Nelson (D-Fla.).
Elliott employees and firm founder Paul Singer—a frequent contributor to Republicans—gave heavily to Mack’s Senate campaign.
Former congressmen are barred from lobbying for one year after leaving office. According to a filing, Mack began to work for the Task Force on Jan. 28.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…