Hedge Funds Revive Dispute Over Argentina GDP-Linked Securities

Aurelius Capital Management and a group of other hedge funds renewed a lawsuit against Argentina seeking payments on securities tied to the performance of the South American nation’s economy.

A federal judge in New York threw out their suit in 2024, saying the funds failed to meet pre-conditions for legal action specified in the agreement governing their investments in Argentine gross domestic product-linked warrants.

The funds said in new complaint filed Wednesday that they had now satisfied the requirements, which included getting at least 25% of the bondholders to make a written request to the bond trustee.

Aurelius first sued ...