Financial Buzz – A hedge fund group created in July, 2014 to support a new legislation enacted in Puerto Rico has attracted 14 new members. This information was disclosed by the coalition spokesman.
According to Russ Grote, the spokesman of Hamilton Place Strategies, the hedge fund group currently consists of 18 members and manages about $240 billion in total. The Washington based group, with its member companies, holds approximately $4.2 billion securities issued by Puerto Rico. The spokesman, however refrained from naming the new members.
