Do It the Greek Way! First Greek-focused hedge fund up 40 per cent in 2012

A Greece focused hedge fund, launched in October 2012 by Dromeus Capital Group, finished 2012 up 40.3 per cent as the Greek debt buyback and improving market sentiment towards the country drove returns.

Dromeus, the emerging markets alternative investment specialist, says the consensus that Greece would have to exit the Euro has turned almost 180 degrees to an acceptance that a Grexit is off the cards.

Achilles Risvas, chief executive of Dromeus, says: “Although the last quarter has seen a profound upwards rerating of Greek bonds we are strong believers that further positive repricing of Greek fixed-income and selected shares is still to come…..

http://www.hedgeweek.com/2013/01/21/178964/first-greece-focused-hedge-fund-40-cent-2012