A Short History of Vultures

... funds. MNL Ltd., a Cayman Islands-based fund associated with Elliott also got into the game. Gramercy Advisors, a Greenwich, Connecticut-based firm , focused on Ecuadorian and Russian debt. As these firms emerged, so did a new moniker: vulture ...

http://www.foreignpolicy.com/articles/2014/08/03/a_short_history_of_vultures_argentina_default_elliott_associates_panama