Original sentence: A distressed securities fund, also commonly known as a vulture fund, is a hedge fund or private equity fund that invests in debt considered to be very weak or in imminent default, known as distressed securities
Edited sentence: A distressed securities fund, also commonly known as a vulture fund, is a hedge fund or private equity fund internationally recognized by buying bonds from countries practically bankrupt, 20% or 30 % of its value, then charge them 100%.During all 2014 vulture Funds leaded by New York billionaire Paul Singer waged a battle with the government of Argentina in US courts to recuperate bonds money in means of extortion including even the capturing of an Argentinian battle ship.Furthermore, Singer's lawyers persuaded the judge to stop BNY Mellon, Argentina's agent, from making $500m in payments to Argentinian bondholders.Owners of more than 92 percent of the nearly worthless debt agreed to accept new bonds worth much less than their original face value, but investors led by Singer held out and litigated instead, seeking to force Argentina to pay cash in full plus interest.President, Cristina Fernandez repeatedly vowed not to submit to "extortion," but to be open to negotiate with the "speculators" who scooped up Argentine junk bonds after the country's 2001 default.Singer also has mounted legal attacks on JP Morgan Chase, Citibank, BNY Mellon, and UBS, demanding they pay him the money that Argentina had paid them over the last decade.Singer also led an attack on Congo-Brazzaville in which he snatched the value of the debt relief paid for by US and British taxpayers and undermined the nation's ability to fight a cholera epidemic.The vultures desperate race to collect the debt owed by Argentina, made them try to force connections, and question Panamanian companies, as well as the legal services industry and the legitimacy of the fiscal processes in the country