Profiting from Puerto Rico’s Debt Market

Michael Lau’s $3B Hedge Fund is Forming a Fund to Buy Puerto Rico Debt
As the commonwealth and the Candlewood Investment Group LP’s agencies
struggle with $73 billion of obligations, the $3 billion hedge-fund
firm run by Michael Lau is planning to form a fund to profit from Puerto
Rico’s debt market.


The
Candlewood Puerto Rico SP fund will target securities including
general-obligation