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Split in hedge funds group over Puerto Rico’s restructuring plan : Regions : Venture Capital Post

At a time when creditors of crisis-hit Puerto Rico are gearing up for negotiations on restructuring the Island’s debt in smaller alliances, the group of hedge funds was believed to be split off. The hedge funds group comprising over 36 firms is holding a debt of $5.2billion of ailing Puerto Rico. According to unconfirmed news, since Puerto Rico governor Alejandro Garcia Padilla said that government’s debts were unsustainable, there’s surfacing difference of opinion among hedge group members. In the latest development, a group of activists in the Island has started raising voice against the participation of Antonio Weiss in the restructuring plan negotiations as his connections with the Wall Street lead to a conflict of interest.

Read more: http://www.vcpost.com/articles/94722/20150927/split-hedge-funds-group-over-puerto-ricos-restructuring-plan.htm#ixzz3n4NEKaS5

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