Whether Argentina’s next president is Daniel Scioli, Sergio Massa or Mauricio Macri, investors will return in droves after next year’s elections as the nation moves closer to returning to capital markets, said Claudio Porcel, head of asset management firm Balanz Capital Sociedad de Bolsa SA.
Buenos Aires mayor and opposition leader Mauricio Macri was re-elected yesterday after defeating in a runoff President Cristina Fernandez de Kirchner’s candidate three months before she seeks a second term.
Buenos Aires Mayor Mauricio Macri ’s decision not to run for president of Argentina boosts opposition chances of forcing a runoff in the October elections, according to political analyst Rosendo Fraga .
Elliott Management Corp., the $24.1 billion hedge-fund manager run by Paul Singer, said Argentina hasn’t responded to efforts to negotiate settlements tied to bonds from the country’s $95 billion default in 2001.
Triumph Group Inc., a maker of aircraft components, is marketing debt as positive economic data and stronger-than-estimated corporate earnings drive high-yield, high-risk bond spreads tighter relative to benchmark rates.