Macroeconomy/Finance

BlackRock, Fidelity form bondholder group ahead of talks

Money managers including BlackRock Inc. and Fidelity Investments launched a committee with White & Case LLP as legal adviser focused on Argentina’s sovereign debt. This can become one of the most powerful creditor groups since BlackRock and Fidelity both rank among the six biggest reported holders of the country’s sovereign notes. White & Case’s Ian Clark, a veteran restructuring adviser, visited Buenos Aires last week for talks with the government, but the report has not been officially confirmed.

Source: Bloomberg