Skip to main content
Sojourners
faith in action for social justice
Sojourners
About
About SojournersEventsOur TeamWork With UsMediaWays to GiveInvite a SpeakerContact Us
SojoAction
OverviewTake ActionIssue AreasResourcesFaith-Rooted AdvocatesChurch Engagement
Magazine
Current IssueArchivesManage My SubscriptionWrite for Sojourners
Sections
LatestPoliticsColumnsLiving FaithArts & CultureGlobalPodcastsVideoPreaching The Word
Subscribe
MagazineRenewPreaching the WordCustomer ServiceNewsletters
Donate
Login / Register

Vulture Funds Are Immoral Profit Makers

By Anna Hall
Photo: Bykofoto/Shutterstock
Vulture funds target the debt of financially distressed nations Photo: Bykofoto/Shutterstock
Nov 12, 2013
Share Full Article
Share As A Gift
Share a paywall-free link to this article.
This feature is only available for subscribers.

Start your subscription for as low as $4.95. Already a subscriber?

  • Link copied!
Share This Article
Share Options
  • Link copied!

Among the largest phenomena that have arisen from foreign debt crises and loan repayment structures are predatory hedge funds, known as vulture funds. Simply said, vulture funds intentionally target the debt of financially distressed nations. They monitor the likelihood of a country’s ability to gain international debt relief. Right before the country receives aid, vulture funds buy up the nation’s debt. Then, they call in their debt bonds, suing the country once it receives resources that help debt cancellation. The result is that vulture funds, after buying distressed debt for pennies on the dollar, turn around and sue to recover up to ten times the purchase price.

Because vulture funds locate themselves in such offshore tax havens as the Cayman Islands, the companies or individuals remain a secret. Many times, there is no source of reliable information on who actually owns them, making accountability impossible. 

Read the Full Article

To continue reading this article — and get full access to all our magazine content — subscribe now for as little as $4.95. Your subscription helps sustain our nonprofit journalism and allows us to pay authors for their terrific work! Thank you for your support.
Subscribe Now!
Already a subscriber? Login
Vulture funds target the debt of financially distressed nations Photo: Bykofoto/Shutterstock
Search Sojourners

Subscribe

Login Magazine Newsletters Preaching The Word
Follow on Facebook Follow on Bluesky Follow on Instagram Subscribe to our RSS Feed
Sojourners
Donate Products Editorial Policies Privacy Policy

Media

Advertising Press

Opportunities

Careers Fellowship Program

Contact

Office
408 C St. NE
Washington DC, 20002
Phone 202-328-8842
Fax 202-328-8757
Email sojourners@sojo.net
Unless otherwise noted, all material © Sojourners 2025