Lyxor Says Its Greek Exposure Is Moderate, Reasonably Hedged

As the likelihood of Greece exiting the euro keeps going up, hedge funds that had been attracted to low equity prices and high yields in the past few years will have to manage the fallout (or those that haven’t already left, anyhow). In its weekly brief, Lyxor Asset Management takes stock of its Greek exposure and decides that its positions are ‘moderate and reasonably hedged’.

Lyxor breaks down its Greek/European exposures

Lyxor says that only ten of its funds are directly exposed to Greece with net exposure ranging 0.4% to 5.8% of the funds’ NAVs. Nine of those funds own Greek equities and about half own Greek sovereign...