World News: 00:23 GMT Tuesday 1st July 2014. [Yahoo Business News Feed via SPi World News]
By Daniel Bases NEW YORK (Reuters) - Holdout investors in Argentine sovereign debt said on Monday they have not met with the government to negotiate a settlement on defaulted debt, and accused Buenos Aires of refusing to enter talks as a 30-day countdown to default begins. Holdout investors are led by Elliott Management's NML Capital Ltd and Aurelius Capital Management, two hedge funds that specialize in buying up deeply discounted or distressed debt and negotiating profitable settlements, often through the use of the courts. "Argentina’s professed willingness to negotiate with its creditors has proven to be just another broken promise. NML is at the table, ready to talk, but Argentina has refused to negotiate any aspect of this dispute," said Jay Newman, senior portfolio manager at Elliott Management.
Read More: http://news.yahoo.com/holdout-investors-says-argentina-not-negotiating-table-143137393--sector.html
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