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Company type | Private |
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Industry | Hedge fund |
Founded | 2005 |
Founder |
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Headquarters | 1330 Avenue of The Americas, , U.S. |
AUM | US$831.2 million (as of May 29, 2024) |
Number of employees | 14 (2024) |
Website | aurelius-capital |
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] It has also been involved in the restructuring of debts owed by Puerto Rico. [6] [7]