Jay Newman, the former hedge fund manager
who helped billionaire Paul Singer win a 15-year fight against Argentina, has a
word of caution for investors looking to replicate his success amid the chaos
unfolding in Venezuela. Now retired from Singer’s $34 billion Elliott
Management, Newman is drawing from his own experience waging one of the most
epic battles in the history of hedge funds. In overseeing Elliott’s investment
in Argentina’s defaulted debt from start to finish, he masterminded efforts to
collect on a court order for full repayment on the notes, including a global
quest for government assets to seize. More…
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