Protestors target hedge fund holding Puerto Rico debt

Protestors carrying a vulture puppet and chanting in Spanish marched outside the Park Avenue offices of a major holder of Puerto Rico’s debt on Thursday to protest proposed austerity measures.

The approximately 45 protestors from Hispanic community organizations slammed BlueMountain Capital Management, which holds Puerto Rico Electric Power Authority (PREPA) debt. They characterized the hedge fund as a vulture attacking the economically battered island.

The U.S. commonwealth is wrestling with $72 billion in debt. It is expected to default on some of it within the next few days.

Read on.

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