International Debt Issues With Legendary Hedge Fund Manager Jay Newman
April 18, 2023
Jay Newman is a legendary hedge fund manager who, when trading for Elliott Fund Management, sued the nation of Argentina which was trying to default on bonds that Elliott owned. Newman and Elliott won, and it led to a roughly $2 BILLION win. He writes frequently about international debt issues. Today we'll discuss China's problems with their worldwide lending program, really a "loan to own" program, called Belt and Road, particularly in the context of many nations being unable to pay those loan payments. Also, is China attempting to subvert the IMF and the World Bank?
Undermoney: A Novel - Newman, Jay: Books
How China changed the game for countries in default | Financial Times (ft.com)