This content is from: Premium

Hedge Funds Are Winning in Puerto Rico

Debt holders like Golden Tree and Baupost are making out on a trade that got slammed by Hurricane Maria.

Nearly a year after Hurricane Maria pummeled the island of Puerto Rico, the hedge funds holding defaulted Puerto Rican debt are sitting pretty. While fate of these Puerto Rican bonds is in the hands of a federal court following the commonwealth’s bankruptcy last May, the hedge funds still holding them have

To continue reading, subscribe now to Premium Journalism. Already a subscriber? Login.

Related Content