Foreign Hedge Funds Pouring Money Into Greek Equities

The Athens Exchange grew by €7 billion in the first six sessions of the month as foreign investors, led by some large hedge funds, poured into the market, reports Anestis Dokas for the Greek newspaper Ekathemerini, and the exchange’s main index, the ASE has jumped from 1011 to over 1100 in the same period. “Hedge funds, vulture funds and private equity funds foresee developments in the local economy that others will not realize until later, with a key factor being government plans for privatizations,” writes Dokas. Hedge funds want to be in the market to take advantage Dokas points to…