Hedge Funds Grab Greek Assets

Hedge funds have repeatedly come to Greece, in expectation of outsized profits in the long run. During Greece's six year long recession, the troubled economy has twice sought help from bailout programs. While there is nothing rosy about the recovery yet, the demand for Greek assets runs high. Over the past few years, nearly every high profile hedge fund manager has invested in Greek debt and/or equities and they are still in hot pursuit of any actionable opportunities.

Greece a huge target for hedge funds

A comment from CEO of Piraeus Bank, Anthimos Thomopoulos, sums up the situation aptly: “Only nine months ago, global sentiment was, ‘I don’t want...