Paul Singer, head of one of the hedge funds in dispute with Argentina, made statements regarding the judicial dispute with the country at the DealBook’s annual conference celebrated in New York.
Singer, whose Elliot Management firm includes holdout investor NML Capital, made a personal evaluation regarding a possible agreement with President Cristina Fernández de Kirchner’s administration.
«It’s difficult to predict what Argentina will do after Jan. 1. It’s best if they sit and negotiate,» he assured, in statements released by Bloomberg News’ bureau chief in Argentina Daniel Cancel via his Twitter account.
«Argentina has elevated a commercial dispute, and haven’t counter offered, and are posturing it as something about national dignity,» Singer considered.
According to DealBook’s official homepage, the panel aims to “explore topics including the future of banking and hedge funds, how countries can better collaborate to ensure growth and how corporations in a variety of fields can better engage their markets and increase public esteem”.
The event was attended members of both the US government and the banking system, including Treasury Secretary Jack Lew, head of the Securities and Exchange Commission Mary Jo White, and Lloyd Blankfein, Chairman and CEO of Goldman Sachs.
buenosairesherald.com