Aurelius Capital Management
 | |
| Type | Private |
|---|---|
| Industry | Hedge fund |
| Founded | 2005 |
| Founder |
|
| 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 [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 graduated in Political Science at the University of Pennsylvania in 1974.
History
[edit]In October 2013, Aurelius attempted to force the government of Argentina to pay their full agreement of $1.3bn following the 2010 Argentinian default on debt.[3] Critics characterize Aurelius as a "vultures" for their position on Argentine debt.[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
[edit]- ^ "Aurelius Capital Management LP | AUM 13F". aum13f.com. Retrieved 2025-06-28.
- ^ "Distressed Pros Team Up For Aurelius Hedge Fund". www.globalcapital.com. Archived from the original on 2015-10-05. Retrieved 2025-06-28.
- ^ a b c 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.
- ^ a b 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.
- ^ Blount, Jeb. "Petrobas Deadline Prompts Some Bondholders to push for default". Newsweep.
{{cite news}}: CS1 maint: deprecated archival service (link) - ^ "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.
- ^ 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.
- ^ 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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