The crisis in Puerto Rico fills politicians and lobbyists’ pockets in the United States

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

La crisis de Puerto Rico llena el bolsillo de políticos y cabilderos en Estados Unidos

Políticos de ambos partidos que integran el Comité de Finanzas del Senado federal, el cual debe evaluar la medida relacionada a la crisis fiscal y económica de Puerto Rico, y que realizó una vista sobre el tema en septiembre de 2015, recibieron $327,250 en donativos de empresas de fondos mutuos y de fondos de cobertura que poseen bonos de Puerto Rico, indagó el Centro de Periodismo Investigativo.

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.