Aurelius Capital Management

Aurelius Capital Management (Aurelius) is an American hedge fund, run by Mark Brodsky, a lawyer formerly employed by Elliott Associates.^[3] Mark Brodsky graduated in Political Science at the University of Pennsylvania in 1974.

Aurelius Capital Management L.P.

Company type	Private
Industry	Hedge fund
Founded	2005; 20 years ago (2005)
Founder	Mark Brodsky Adam Stanislavsky
Headquarters	1330 Avenue of The Americas, New York City, New York , U.S.
AUM	US$831.2 million (as of May 29, 2024)
Number of employees	14 (2024)
Website	aurelius-capital.com
Footnotes / references [1] [2]

History

In October 2013, Aurelius attempted to force the government of Argentina to pay $1.3bn following the 2010 Argentinian default on debt.^[3] The fund is branded a "vulture" by Argentina for its stance.^[4]

Aurelius has been involved in debt restructuring of Dubai World and Tribune Co; and, in October 2013, The Co-operative Bank.^[3] Aurelius led a push to apply $54 billion of Petrobas bonds governed by U.S. law in the state of New York.^[5]

In 2015, Aurelius bought large amounts of Ukraine's government debt before securing a preferential deal on its restructuring.^[4] Aurelius Capital became a central litigant in Puerto Rican government-debt crisis, following the island’s 2017 filing to restructure $72 billion in obligations. Aurelius, which held approximately $468 million in Puerto Rican debt, challenged the constitutionality of the federally appointed oversight board created under the Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA).^[6][7] In February 2020, Aurelius was among the hedge funds involved in a revised restructuring deal covering $35 billion in general obligation bonds. The agreement, reached after court-ordered mediation, offered Aurelius and other bondholders a higher recovery rate and resolved disputes over the validity of post-2012 debt issuances.^[8]