Argentina has defaulted on its debt. CNBC's Kate Kelly reports the ISDA has received a request to make a ruling on whether a credit event has occurred in Argentine Republic.» Read More
NEW YORK- ARGENTINA'S KICILLOF SAYS DOES NOT MAKE SENSE TO HAVE DEAL WITH HEDGE FUNDS AND NOT OTHER HOLDOUTS.
NEW YORK- ARGENTINA'S ECONOMY MINISTER KICILLOF SAYS HEDGE FUNDS DO NOT WANT TO ASK STAY ON DEBT RULING.
CNBC's Kate Kelly reports Argentine debt talks are currently taking place in New York City in hopes of striking a deal to avert a state of default.
Since Steve Cohen's troubles last year with hedge fund SAC Capital, his new stock trading fund Point72 has staged quite a comeback for Cohen, reports CNBC's Kate Kelly.
NEW YORK— Talks aimed at averting Argentina's second default in 13 years ended with bitter recriminations Wednesday as the South American country said it could not accept a deal with U.S. hedge fund creditors it dismisses as "vultures."
Argentine banks are expected to offer to buy debt owned by holdout investors suing country in a bid to avert default, a banking executive said.
Argentina faces a race against time on Wednesday as its deadline to strike a deal and avert a second default in 12 years approaches.
Point72 Asset Management, the revamped firm of the billionaire investor Steven A. Cohen, generated a profit of nearly $1 billion for the first half.
CLEVELAND, July 29- Casablanca Capital triumphed on Tuesday in its proxy battle with miner Cliffs Natural Resources Inc, preliminary estimates show, putting the hedge fund in a position to replace Cliffs' chief executive and sell off underperforming assets.
Argentina is refusing to negotiate with a small group of bond investors who are owed billions of dollars dating from debt they purchased from before the country's last default in 2001, with CNBC's Kate Kelly.
Paul Singer has called the threat of a widespread blackout from an electromagnetic surge the "most significant danger" in the world.
Argentina could be back in the economic doldrums if it defaults on Wednesday, a key player in its 2010 debt restructuring told CNBC.
BOSTON, July 29- Hedge fund Elliott Management told investors that it added to its stake in Juniper Networks last quarter and sees opportunities in real estate securities in Europe, but it said little about two positions making headlines-- Argentina and EMC Corp..
The concepts of 'Logic will prevail' and 'Argentina' don't necessarily go together, says one portfolio manager.
Billionaire investor Paul Singer also warns of a scenario of "real class warfare."
Argentina will likely default on its debt for the third time in 28 years on Wednesday, which could cost U.S. hedge funds millions.
Branson, whose investment in the airline is restricted by U.S. foreign investment rules, owns a 22 percent stake in Virgin America through the Virgin Group and a hedge fund.
July 28- Virgin America Inc, the low-cost airline partly owned by Richard Branson, filed for an initial public offering of shares as it looks to expand in the recovering U.S. airline market. Branson owns a 22 percent stake in Virgin America through the Virgin Group and a hedge fund.
Greenlight Capital, David Einhorn's hedge fund firm, gained 7.9 percent in the second quarter, according to a letter sent to investors Friday.
Argentine debt negotiators left their meeting with a U.S. court-appointed mediator in New York after barely one hour.
Get the best of CNBC in your inbox