The Greek decision confirmed people’s assumptions as on May 15 the country made a €436 million bond payment to holdout investors. People involved in the transaction revealed that almost 90 percent of the money went to the Dart Management’s hands. This is a secretive investment fund company located in the Cayman Islands. Dart is one of the most famous institutions that employs the so-called vulture funds. This involves purchasing toxic assets and bonds of financially-decrepit countries like Greece, Spain, and some others. And when a certain country cannot pay them, they file a lawsuit against its government. One definite example of this scenario was during the Latin American Debt Crises that took place years ago engaging Dart and another vulture fund, the Elliot Associates.
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