Learn more
PRESS RELEASE
Ayres is delighted to received the award for best multi-strategy fund at the Hedgeweek European Emerging Manager Awards.
Ayres was one of the most active members of the Steering Committee of the Ad Hoc Group of Bondholders of Argentina, during the Argentine Sovereign debt restructuring. Ayres played a key role within the group, leading economic modelling and negotiations with the IMF and multilaterals and providing strategic input in negotiations. Agreement on how to restructure a stock of US$65 billion of external bonds was achieved in 8 months of negotiations.
The research work and economic models that Ayres Investment Management created ad hoc to guide the Argentina restructuring can be found in the following link, Argentina Sovereign Debt.
BlackRock identified the contributions of Ayres to achieve a positive outcome during the Argentine Sovereign workout in 2020.
Ayres was offered by the Ad Hoc group of the Bondholders of the Province of Buenos Aires, which held more than 49% of the Province´s external debt bonds, to be the advisor in the debt restructuring process. Given the complexity of this process and the bellicose nature of the negotiations, it was necessary to have a highly skilled and experienced debt restructuring advisor, which Ayres possessed. After months of negotiations and back and forth between the bondholders and the Province, an agreement was reached to restructure 98% of its $7.1 billion in overseas debt.
Ayres was one of the key members of the Steering Committee of the Ad Hoc Group of Bondholders of the Province of Cordoba, one of the richest and most populated of Argentina’s 23 provinces. The Group of Bondholders and the Province have reached an agreement to restructure its $1.66 billion debt where Ayres was instrumental in coordinating the bondholder group to reach agreement with the issuer on what most of the group saw as a positive.
Ayres was an important member of the Ad Hoc Group of Bondholders of the Republic of Ecuador. The Government and the Bondholders Group have reached an agreement for the restructuring of all series of approximately $17.4 billion in sovereign bonds.
The research work and economic models that Ayres Investment Management created ad hoc to guide the Ecuador restructuring can be found in the following link, Ecuador Sovereign Debt.
CarEers
Disciplined analysis, creativity, client-focus, goal orientation and curiosity are the foundation that allow us to attain our mission – delivering superior returns and solutions by fostering a high-performance culture. At Ayres, you will play a key role in the global markets. Join us if you share our same core values.
