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Hedge funder fumes as Argentina threatens default

Paul Singer, founder and president of Elliott Management Corp.
Jacob Kepler | Bloomberg | Getty Images

A federal court judge has refused to rebuke Argentina over its apparent willingness to default.

A recently leaked memo showed that the South American country is considering defaulting on all of the debt it owes to bond holders—including Paul Singer's hedge fund firm Elliott Management—should the U.S. Supreme Court refuse to hear an appeal to a previous order to pay its financial commitments.

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