Aurelius Capital Management

Last updated
Aurelius Capital Management L.P.
Company type Private
Industry Hedge fund
Founded2005;20 years ago (2005)
Founder
  • Mark Brodsky
  • Adam Stanislavsky
Headquarters1330 Avenue of The Americas,
New York City, New York
,
U.S.
AUM US$831.2 million
(as of May 29, 2024)
Number of employees
14 (2024)
Website aurelius-capital.com
Footnotes /references
[1] [2]

Aurelius Capital Management (Aurelius) is an American hedge fund, run by Mark Brodsky, a lawyer formerly employed by Elliott Associates. [3] Mark Brodsky is a University of Pennsylvania graduate (BA) in Political Science in 1974
In October 2013, Aurelius attempted to force the government of Argentina to pay $1.3bn following the 2010 Argentinian default on debt. [3] The fund is branded a "vulture" by Argentina for its stance. [4]

Aurelius has been involved in debt restructuring of Dubai World and Tribune Co; and, in October 2013, The Co-operative Bank. [3] Aurelius led a push to apply $54 billion of Petrobas bonds governed by U.S. law in the state of New York. [5]

In 2015 Aurelius bought large amounts of Ukraine's government debt before securing a preferential deal on its restructuring. [4] Aurelius Capital became a central litigant in Puerto Rican government-debt crisis, following the island’s 2017 filing to restructure $72 billion in obligations. Aurelius, which held approximately $468 million in Puerto Rican debt, challenged the constitutionality of the federally appointed oversight board created under the Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA). [6] [7] In February 2020, Aurelius was among the hedge funds involved in a revised restructuring deal covering $35 billion in general obligation bonds. The agreement, reached after court-ordered mediation, offered Aurelius and other bondholders a higher recovery rate and resolved disputes over the validity of post-2012 debt issuances. [8]

References

  1. ↑ "Aurelius Capital Management LP | AUM 13F". aum13f.com. Retrieved 2025-06-28.
  2. ↑ "Distressed Pros Team Up For Aurelius Hedge Fund". www.globalcapital.com. Archived from the original on 2015-10-05. Retrieved 2025-06-28.
  3. 1 2 3 Treanor, Jill (20 September 2013). "Co-op forced to consider hedge fund plan". The Guardian. Archived from the original on 4 March 2016. Retrieved 24 October 2013.
  4. 1 2 Rao, Sujata; Spink, Chris (2015-09-18). "Exclusive: Hedge fund Aurelius holds Ukraine debt, asking better terms - source". Reuters. Archived from the original on 19 January 2018. Retrieved 19 January 2018.
  5. ↑ Blount, Jeb. "Petrobas Deadline Prompts Some Bondholders to push for default". Newsweep. Archived from the original on 2015-01-29.
  6. ↑ "Aurelius hedge fund seeks to toss Puerto Rico's bankruptcy filing". Reuters. 2017. Archived from the original on 19 January 2018. Retrieved 19 January 2018.
  7. ↑ Platt, Eric; Fleming, Sam (4 October 2017). "Trump sends Puerto Rican bonds into tailspin". Financial Times. Archived from the original on 19 January 2018. Retrieved 19 January 2018.
  8. ↑ Walsh, Mary Williams (February 10, 2020). "Puerto Rico Reaches Deal to Settle $35 Billion in Debt". The New York Times. Retrieved September 17, 2025.


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