Jewish Billionaire Revealed As Large Holder Of Puerto Rican Debt
Making a profit by purchasing cheap debt and selling it for a higher price is not illegal; indeed, Boston billionaire Seth Klarman has made much of his fortune that way. But it can be unpopular, especially when the indebted party is struggling. Klarman’s hedge fund, The Baupost Group, holds $911 million in Puerto Rico’s debt,…