They promised jobs… and brought ashes

The whereabouts of the millions of tons of coal ash that have been spilled on the island expose its effects on health and their potential threat to the Southern Aquifer.

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.

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.

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.