Another Evil Hedge Fund Manager Emerges, Proposes to Buy ‘Crushed’ Puerto Rican Bonds

Yesterday we reviewed the devilish Seth Klarman from Baupost who owns $911m (an inside job) worth of Puerto Rican debt. Today, the co-founder of Highland Capital, Mark Okada told the trolls at CNBC that he was giving the destroyed island a second look, especially since ‘they’ve gotten crushed.’

Responding to Trump’s comments that PR bonds should be ‘wiped out’, Okada said ‘people are getting poured out of their trades’ and that people are ‘overreacting to what Trump said.’

“Puerto Rico kind of looked to us like a bad company with a bad balance sheet,” said Okada. “It’s hard to say that given the tragedy that they’re facing. But really from an economic endgame, you really need to have growth, you need to have a viable economic picture to have anything to work out in distress.”

“We’re glad we’re not in it.”

An evil man