vulture fund

English

Noun

vulture fund (plural vulture funds)

1. (finance, derogatory) A hedge fund or private equity fund that invests in debt considered to be very weak or in imminent default. Investors profit by buying debt at a discounted price on a secondary market and then suing the debtor for a larger amount than the purchasing price.
   • 2018, Ilias Bantekas, Cephas Lumina, Sovereign Debt and Human Rights, Oxford University Press, →ISBN, page 498:

     This chapter discusses current official initiatives designed to curb vulture fund litigation and proposes a rethinking of the doctrine of sovereign immunity as a key measure to curb the predatory behaviour of vulture funds.

Translations

hedge fund

• Catalan: fons voltor m
• French: fond vautour m
• Galician: fondo voitre m
• German: Geierfond m
• Icelandic: hrægammasjóður m
• Italian: fondo avvoltoio f
• Portuguese: fundo abutre m
• Spanish: fondo buitre m
• Swedish: gamfond (sv) c

Further reading

• vulture fund on Wikipedia.Wikipedia