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Digicel gets new board

THE RESTRUCTURED telecom Digicel Group has officially announced its new nine-member board, led by Chairman Rajeev Suri and includes Jamaican Mariame Robinson. The board includes mostly new faces but continues to have the founder and former Chairman. ....

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Evergrande liquidation: Western hedge funds shocked by liquidation

Global money managers weren't counting on a 99% haircut. ....

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Evergrande's 99% bond wipeout hands hedge funds a harsh lesson on China

China Evergrande Group s defaulted offshore bonds are trading at just 1 cent on the dollar following a Hong Kong court order for the company s liquidation, highlighting the dangers of trying to bargain with the Communist Party. ....

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A 99% Bond Wipeout Hands Hedge Funds a Harsh Lesson on China

A 99% Bond Wipeout Hands Hedge Funds a Harsh Lesson on China
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

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A 99% Bond Wipeout Hands Hedge Funds a Harsh Lesson on China

(Bloomberg) From afar, China Evergrande Group had all the makings of a killer distressed-debt trade: $19 billion in defaulted offshore bonds; $242 billion in assets; and a government that appeared determined to prop up the country’s faltering property market. So US and European hedge funds piled into the debt, envisioning big payouts to juice their returns.Most Read from BloombergBiden’s Attempt to Address Memory Issue Backfires With New GaffeA 99% Bond Wipeout Hands Hedge Funds a Harsh Lesso ....

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