Deals
New York Hedge Fund Faces ‘Vulture’ Critic in Brazilian Bond Bet
- Nelson Tanure decries fund’s ‘vulture’ tactic, Dutch strategy
- Courts in 3 continents tangled in $19 billion restructuring
This article is for subscribers only.
Aurelius Capital Management has a long and mostly successful track record in some of the decade’s most contentious restructurings, including Argentina’s sovereign debt and Peabody Energy’s coal bankruptcy.
But it’s never met someone like Nelson Tanure, a bespectacled 65-year-old Brazilian businessman with a receding mane of wavy gray hair and a self-proclaimed mission to recreate the greatest telecommunications firm his country has ever seen.