A Survivor's Tale
Ricardo Handley personifies the wheeling and dealing that characterized Argentina in the 1990s. Now, after years in obscurity, he is back in the public eye.
Ricardo Handley pioneered some of Argentina's biggest and
most visible deals when he was the head of Citibank in
Argentina during the late 1980s and early 1990s. In those days
he was as controversial as he was glamorous - he appeared
frequently in glossy society magazines as well as the business
press - until he quit to run his cattle ranch in the interior.
Now aged 59 he is back, looking older but with the same swagger
as before. He is pushing the same idea that made him famous 15
years ago, offering creditors a way to convert defaulted
sovereign debt into equity in Argentine companies. Handley is
hunting for investors stuck with Argentine government bonds
that have not been paid a penny in almost two years. He wants
to convince investors to put their bonds into a fund he has set
up to invest in local companies. He says, "We...
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