Aurelius Capital Management LP, one of the US hedge funds whose long-running legal battle over bond repayments tipped Argentina back into default last month, is to open an office in London.

Aurelius was founded in 2005 by its chairman, former Elliott Management executive Mark Brodsky, and now manages roughly $4.5 billion in assets. The firm is based in New York, but is now eyeing the launch of a second office, in the UK.