Hedge Fund News From HedgeCo.Net

Hedge funds threaten to upend Greek deal

UPI – Five hard-line hedge funds threatened to block a final effort to save Greece from default unless they get an ample bond payout, debt-restructuring sources said.

New York’s York Capital Management, Marathon Asset Management and Och-Ziff Capital Management Group, Florida’s GreyLock Asset Management and Europe’s Vega Asset Management vowed to prevent a restructuring deal from going through if they were not guaranteed a significant profit on Greek bonds they bought at distressed prices, sources familiar with the talks told the British newspaper The Independent.

Read Complete Article

Related Posts Plugin for WordPress, Blogger...
This entry was posted in Syndicated. Bookmark the permalink.

Leave a Reply