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How 'vulture' Paul Singer and U.S hedge fund in charge of AC Milan held Argentina to $2.4bn ransom

The hedge fund owner is notorious for his aggressive pursuit of debt repayments, a practice that brought him into a decade-long conflict

While Lionel Messi, Angel Di Maria and the rest of Argentina's squad were fighting for the 2014 World Cup in Brazil, a different battle was taking place on the streets of Buenos Aires. In June of that year, thousands of posters appeared posing a simple choice for citizens: Patria o Buitres, the fatherland or the vultures.

The 'vultures' in question were Elliott Management, the billion-dollar American holding company that were waging economic war on the country in the hope of a huge pay-off.