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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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Argentina vs. NML Capital

Lawyers for Elliott called the memo a "smoking gun," according to The New York Post, and asked judge Thomas Griesa to scold Argentina. But Griesa—the same jurist who has ordered Argentina to pay upsaid the memo was a privileged document between Argentina and its lawyers at Cleary Gottlieb.

A spokesman for Elliott did not immediately respond to a request for comment.