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Argentina's debt spat threatens EM sector, says GAM's McNamara

Argentina's debt spat threatens EM sector, says GAM's McNamara

Judge Griesa's decision on Argentina's pari passu issue clouds future restructuring processes and risks driving down prices of low-rated sovereign debt, according to GAM's Euro Stars AAA-rated manager, Paul McNamara.

London-based McNamara, manager of the GAM Star Emerging Market Rates fund and the Julius Baer BF Local Emerging fund, talks to Citywire Global about the ramifications for his asset class.

 

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