An Argentina Navy Ship Just Been Seized By A Hedge Fund

ARA Libertad, a training ship owned by the Argentinian Navy, is one of the most storied tall ships at sea.

Yesterday, It was just seized by the hedge fund Elliott Management while it was docked in Ghana because of a bond debt the country owes to the firm.

Basically, Elliott has been pursuing a full payment from Argentina on sovereign debt for some time, and it was able to get the government of Ghana to give it what was essentially an arrest warrant on the ship in exchange for its debts.

The ARA LIbertad is a beautiful ship with a long history, which is still used for sailor training.