Jun
30
Hedge Funds Fight to Save Puerto Rico Investments
By
The financial district of San Juan, P.R., as seen in 2014. CreditRicardo Arduengo/Associated Press
Hedge funds like Appaloosa Management, Paulson & Company and Blue Mountain Capital gathered in a conference room at the Barclays offices in Midtown Manhattan last September to talk about what was then the hottest trade: Puerto Rico.
An hour into the conversation, however, it became clear that if things started going bad, not everyone in the room was going to get along. Some had wagered on real estate, while others had bought up the debts of the central government and its troubled electric utility…
Hedge Funds Fight to Save Puerto Rico Investments
