Hedge Fund News From HedgeCo.Net

Greek debt deal turns hedge fund trade to gold

Reuters – For a few hedge funds, Greek debt is turning into one of the trades of the year.

News that Athens Рbacked by euro zone ministers and the International Monetary Fund Рwill buy back some its own debt from private investors sets a floor under the price of its bonds, handing many who picked them up at rock-bottom levels big gains.

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