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Hedge Fund Basks In World-Beating Surge For Greece's Markets

by bloomberg.com posted 1year ago 476 views
The odyssey of Greece and its economic crisis has taken a positive turn in recent months, and hedge funds are among those reaping the rewards. Once the epicenter for the euro region’s debt turmoil, Greece is now the top beneficiary of improved sentiment on Europe. The nation’s stock market has a 23 percent return so far this year -- the developed world’s best performer and twice the gain for the global benchmark. Similarly, its bonds are trouncing others in fixed-income markets. Besides benefiting from global flows into a euro-region economy that’s on the mend and freeish -- for now --...