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.

Al descubierto los fondos de cobertura en Puerto Rico

A pesar de que el gobierno protege la identidad de las empresas de fondos de cobertura y fondos buitre que poseen parte de la deuda del país, el Centro de Periodismo Investigativo recopiló la lista más completa y verificada de estas compañías que se preparan para renegociar la deuda o exigir el total de su pago.

Vulture funds have Puerto Rico cornered

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.

Fondos buitre acorralan a Puerto Rico

Varias fuentes del sector financiero aseguran que actualmente entre un 40 o un 50 por ciento de la deuda del gobierno de Puerto Rico está bajo control de los fondos de cobertura, de los que forman parte los fondos buitre. Su influencia en las decisiones de política pública cada vez es más evidente.