According to The Financial Times’ Sam Jones, one of the
world’s most prominent hedge funds is sitting on a $500m profit after making a
bet that Greece would not be forced to leave the eurozone, bucking the trend in
a difficult year for the industry.
Third Point, headed by the billionaire US investor Dan Loeb,
tendered the majority of a $1bn position in Greek government bonds, built up
only months earlier, as part of a landmark debt buyback deal by Athens on
Monday, according to people familiar with the firm.
The windfall marks out the New York-based firm as one of the
few hedge fund managers to have profited from the eurozone crisis….
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