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

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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.