Hedge Funds
Two heavyweights of distressed-debt investing will face off this week over Windstream Holdings Inc. Hedge fund Aurelius Capital Management is looking to profit from the internet provider’s precarious financial position, while Elliott Management Corp. is betting it will stay afloat. Aurelius Capital Management, founded by former bankruptcy lawyer Mark Brodsky, is known for winning big bets on distressed corporate bonds and sovereign debt. This time, Aurelius is betting against Windstream, people familiar with the matter said.

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