Greek Pension Fund Balloons On Sovereign Debt Bet

An Athens, Greece-based fund has had its Assets Under Management (AUM) double in the last six months after a big bet in Greek government bonds paid off. Hellenic Pension Mutual Fund Management Company which specializes, as the name would suggest, in investments for pension funds, has seen its assets go from €384 million last June to €684 million as of last week.

Greek hedge funds aren't the only ones that have been benefiting from great returns on Greek debt, US funds like the Baupost Group have also made profits from debt. Dan Loeb's...