Move Over, Elliott. Argentina’s New Bond-Market Nemesis Is Fidelity.

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Move Over, Elliott. Argentina’s New Bond-Market Nemesis Is Fidelity.
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Mutual fund giant Fidelity isn’t known for tough tactics, but its hard line on a $250 million bond payment underscores the growing power of large fund firms

Nate Van Duzer is a Mormon Church bishop and former West Pointer who handles “special situations” for the Boston mutual-fund giant.

This month he won a standoff with Argentina’s Buenos Aires province by calling the municipality’s bluff when it said it didn’t have enough money to make a $250 million payment, people familiar with the matter said.

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