The Zambian instance at least received substantial news coverage. Oxfam is working on the case, and we can help. But awareness of this investment strategy really needs to be raised. It is one of the more vicious ways in which globalized capital widens the gap between rich and poor. I would say it is openly genocidal.
The term vulture fund is new to me today, but it is a type of hedge fund. These are investment pools, like mutual funds. As we know, mutual funds enable smaller investors to take best advantage of broad trends in the financial markets. Hedge funds “hedge” against unfavorable trends by taking positions whose returns are not closely correlated to those of the broader financial markets.
Vulture funds “hedge” by feasting on starving bodies. Watch them.