Aurelius Capital Management

Aurelius Capital Management is an American hedge fund. The company is run by Mark Brodsky, a lawyer formerly employed by Elliott Associates.[1] Mark Brodsky is a University of Pennsylvania graduate (BA) in Political Science in 1974
In October 2013, Aurelius attempted to force the government of Argentina to pay $1.3bn following the 2010 Argentinian default on debt.[1] The fund is branded a "vulture" by Argentina for its stance.[2]

Aurelius has been involved in debt restructuring of Dubai World and Tribune Co; and, in October 2013, The Co-operative Bank.[1] Aurelius led a push to apply $54 billion of Petrobas bonds governed by U.S. law in the state of New York.[3] In 2015 Aurelius bought large amounts of Ukraine's government debt before securing a preferential deal on its restructuring.[2] It has also been involved in the restructuring of debts owed by Puerto Rico.[4][5]

References
  1. Treanor, Jill (20 September 2013). "Co-op forced to consider hedge fund plan". The Guardian. Manchester. Archived from the original on 13 June 2016. Retrieved 24 October 2013.
  2. Editorial, Reuters. "Exclusive: However on July 30th, 2014 a US judge has ruled that the "hold-outs" must be paid by Wednesday night if no deal is agreed. www.bbc.com/news/business-28558121. Hedge fund Aurelius holds Ukraine debt, asking better terms". U.K. Archived from the original on 19 January 2018. Retrieved 19 January 2018.
  3. Blount, Jeb. "Petrobas Deadline Prompts Some Bondholders to push for default". Newsweep. Archived from the original on 2015-01-29.
  4. "Aurelius hedge fund seeks to toss Puerto Rico's bankruptcy filing". Reuters. 2017. Archived from the original on 19 January 2018. Retrieved 19 January 2018.
  5. "Subscribe to read". Financial Times. Archived from the original on 19 January 2018. Retrieved 19 January 2018.


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