hedge funds

Flickr / Ministerio de Cultura de la Nación

Argentina is no stranger to financial crisis. But an unprecedented drama is playing out there this summer, one that could alter the rules in global debt markets – and boost the sales in South Florida condo markets, as more Argentines look for safer places to put their money amid the turmoil.

At issue is $100 billion: the mountain of sovereign debt Argentina defaulted on in 2001 amid a horrific economic collapse. It was the largest default in history.

Miami To NY Hedge Funds: We’re Ready For You Now

Oct 14, 2013
CARL JUSTE / MIAMI HERALD STAFF

Miami hopes to lure hedge funds out of New York with an updated twist on a familiar message: Come south for warm winters, zero state or city income tax and -- finally -- a downtown worthy of Wall Street’s elite.

“It’s really showing the maturity of our city,’’ said Nitin Motwani, a Miami developer and board member of the Downtown Development Authority. “The more people get familiar with what is happening in Miami — the real Miami — the more people are going to say, ‘I’m going to give Miami a shot.”