Fondos de cobertura y fondos buitre en Puerto Rico

The investment firms that are waiting to collect the $72 billion debt from the U.S. Commonwealth and its corporations have separated into two groups: those who are against and those who are in favor of the restructuring of the debt or that the island be included in Chapter 9 of the federal Bankruptcy Law. Politicians from both parties that are members of the U.S. Senate Finance Committee, which has to evaluate the Chapter 9 measure for Puerto Rico and held a hearing in regards to this issue in September 2015, have received $327,250 in donations from the mutual fund and hedge fund companies that hold the islands bonds

The CPI revealed the contract of the company that identified the bondholders and the interview made to the president of BondCom, Robert Apfel.

The investment companies that hold Puerto Rico government bonds have been grouping together in different clans to defend their interests in the debt negotiation process led by Alejandro García Padilla’s administration.

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 […]

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.

Financial sources state that currently between 40 or 50 percent of the debt of the government of Puerto Rico is under the control of hedge funds, which in turn are part vulture funds. Their influence on public policy decisions is increasingly evident.