Discover a new way to find and share stories you'll love… Learn about Reading Desk

Post Profile



Big, Beautiful Photos Of The Vintage Argentine Navy Ship That Was Taken By A Hedge Fund

ARA Libertad, a training ship owned by the Argentinian Navy, is one of the most storied tall ships at sea. Yesterday, It was just seized by the hedge fund Elliott Management while it was docked in Ghana because of a bond debt the country owes to the firm. Basically, Elliott has been pursuing a full payment from Argentina on sovereign debt for some time, and it was able to get the government of Ghana to give it what was essentially an arrest warrant on the ship in exchange for its debts.
read more

share
See more about: Hedge Fund ARA Libertad

Argentina Is Evacuating A Navy Ship Seized In Ghana By A Hedge Fund

Business & Finance : Business Insider: Clusterstock (2 years ago)

BUENOS AIRES, Argentina (AP) — Argentina announced the immediate evacuation Saturday of about 300 crew members from the ARA Libertad, a navy training ship seized in Africa nearly three weeks ago as collateral for unpaid bonds dating... Read Post

Guns Were Drawn On The Argentine Naval Ship Being Held By A Hedge Fund

Business & Finance : Business Insider: Clusterstock (2 years ago)

Last Wednesday, sailors aboard the Argentine naval ship held in Ghana by hedge fund manager Paul Singer drew their guns, the WSJ reports. The ship, The ARA Libertad, has been docked there since last month, when officials presented t... Read Post

A Hedge Fund Has Physically Seized This Argentine Navy Ship

Business & Finance : Business Insider: Clusterstock (2 years ago)

The above ship is the ARA Libertad, a training ship owned by the Argentine navy. And now it's been seized. By a hedge fund. While it was docked in Ghana. Why? Because Argentina is in a long legal battle with the hedge fund Elliott C... Read Post


Copyright © 2011 Regator, LLC