Glossary entry

Spanish term or phrase:

fondo buitre

English translation:

vulture fund

Added to glossary by Valerie Martin
Oct 30, 2003 10:31
21 yrs ago
7 viewers *
Spanish term

fondo buitre

Spanish to English Bus/Financial
"el FONDO BUITRE Em ltd pidió que el viernes se levante la suspensión de la ejecución del fallo que le permitirá cobrar casi 750 millones de dólares."
-- Regarding Argentina's debt restructuring. Funds that buy huge amounts of debt to later sue the defaulted country for huge amounts of money.

Proposed translations

3 mins
Selected

vulture fund

If you have to translate this, 'vulture fund' is the term as the following definition shows:


Vulture Fund. A fund that buys securities in distressed investments, such as high-yield bonds in (or near) default or equities that are in (or near) bankruptcy.

www.investopedia.com/terms/v/vulturefund.asp

A truly vulturine behaviour, may I say!

Cheerio,

V
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4 KudoZ points awarded for this answer. Comment: "Gracias!"
+4
2 mins

vulture fund

A fund that buys securities in distressed investments, such as high-yield bonds in (or near) default or equities that are in (or near) bankruptcy.
Peer comment(s):

agree Valentín Hernández Lima : Indeed.
0 min
thanks Valentin.That is certainly what it looks like
agree tazdog (X) : what, speed counts for nothing? ;-)
1 hr
agree Cecilia Della Croce
2 hrs
agree Gordana Podvezanec
7 hrs
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