""Twenty billion dollars may not be enough to stanch Argentina's economic decline on its own, but it could buy time for hedge fund investors to exit their positions without suffering massive losses," she wrote in the letter. "Given the interests of your members, I am seeking additional information about what role, if any, the Managed Funds Association or its members played in the Trump Administration's bailout of Argentina's financial markets.""
""The bailout offer, to a country with a history of default and devaluation, is aimed at helping Trump's political ally President Javier Milei notch a win in Oct. 26 midterm elections that will keep his program of drastic economic reforms on track. But the U.S. lifeline could benefit hedge fund managers while failing to solve Argentina's long-term problems, according to Warren.""
Senator Elizabeth Warren asked the Managed Funds Association for documents and information about its role in the Trump administration's deliberations over extending U.S. financial support to Argentina. The request, addressed to CEO Bryan Corbett, seeks communications and records about lobbying tied to a support package coordinated by Treasury Secretary Scott Bessent. Bessent said the U.S. bought Argentine pesos and agreed to a $20 billion swap framework to stabilize markets. The support aims to bolster President Javier Milei ahead of Oct. 26 elections. Warren warned the lifeline could enable hedge fund investors to exit positions and asked about MFA members' interactions.
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