Vulture fund in-depth
This presentation will be concerned with providing a general idea of the main features of the vulture fund phenomenon. Initially, vulture funds were private equity or hedge funds that invested in the debts of dying entities at low rates. Their action then consisted in suing these entities for profit. They widened the scope of their action to sovereign States and in particular invested in highly indebted poor countries (HIPCs), buying their debt and then engaging into legal action against them before the courts of other States, such as the United States, the United Kingdom and France.