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How Hedge Funds Hurt Puerto Rico [Premium]

In the wake of Hurricane Maria's devastation, hedge funds holding Puerto Rico debt are fighting with the government — and each other — to get paid. But hedge funds may have themselves to blame for the mess they’re in.

  • By Michelle Celarier

      Photograph by Justin Metz. Outside of Spring Studios, an event space at 50 Varick St. in downtown Manhattan, a small group of protesters held up a handmade Puerto Rican flag sign, then began to chant. “Cancel the debt . . . shame, shame, shame,” they called out to Baupost Group CEO

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