Traffic sign at the Nagua Samaná freeway, the main street in Arroyo Barril.

Something happened in Arroyo Barril

Eight years have passed but Amparo Andújar Maldonado does not forget. She lost her first child while she was approaching the fifth month of her pregnancy. Nor does she erases from her mind giving birth to a disfigured fetus, with cranial malformation, something incomprehensible for a healthy 27 year old woman, counting with quality prenatal care. But Amparo was not alone. From 2005 to 2008, the rate of miscarriages and premature births rose suddenly in the Encantado neighborhood of Arroyo Barril, a working-class rural and coastal town, north of the Dominican Republic.

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The trajectory of hedge funds found in Puerto Rico

The track record of the hedge and vulture funds that have arrived to Puerto Rico is, in a way, a preview of what the island can expect during and after the contentious negotiation process of its debt. Until now, only a few of the names of the hedge and vulture fund companies referred to as the Ad Hoc Group of Puerto Rico are known, because the group, as well as La Fortaleza and the Government Development Bank (GDB), have refused to reveal the details of its members. The leading firms are Fir Tree Partners, Monarch, Perry Capital, Brigade, Centerbridge, Davidson Kempner, and Stone Lion. That we know. The Center for Investigative Journalism managed to make a compendium of their profiles and gathered some data on its top executives collected from official documents of the Securities and Exchange Commission (SEC) or from reports mainly published by foreign media.

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Out in the open, hedge funds in Puerto Rico

Although the government protects the identity of hedge and vulture funds companies that hold part of the island’s debt, the Center for Investigative Journalism developed and verified the most complete list of the companies that are getting ready to renegotiate or demand complete payment of the debt.

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Puerto Rico Up for Sale

The showcase was designed to impress. Puerto Rico is up for sale to foreign millionaires. Adworks company, sponsored by the Department of Economic Development and Commerce and UBS, fashioned a display with all the offers of the season: exemption of all taxes and benefits of Laws 20 and 22; exalted the natural charms of the Caribbean and the warmth of its people; that it is a country in full economic recovery; divine weather; offering health services equal to those of the mainland USA; and professional services available at less than half the cost of the United States… that was what was being pushed by the presenters on both days.