As Puerto Rico Faces Dec. 1 Payment, "Vulture Fund" Refuses To Negotiate

As the struggling island nation of Puerto Rico grapples with its near $70 billion in debt, with most major investors participating in repayment negotiations, there is one distressed debt hedge fund notably absent from any talks that includes compromise considerations.  what happens in Puerto Rico could also have bearing on the future of debt-ridden U.S. jurisdictions as well.

Puerto Rico is one of many U.S.-based governments that has borrowed more money than can logically be repaid

Aurelius Capital Management's founder of the $4.5 billion distressed debt niche player, is a former bankruptcy lawyer and a Paul Singer protégée. Along with Singer’s Elliott Management,...