Summary
LONDON (Reuters) - Hedge fund firm GLG Partners is bullish on the euro and believes bets on Greek bonds are unattractive, in views contrary to the high-profile trades some hedge funds are making on Greek's debt crisis.
While a number of hedge funds are betting that the huge budget deficits of Greece and other Mediterranean countries will put pressure on the single currency, Karim Abdel-Motaal and Bart Turtelboom, who run around $2.7 billion at GLG, expect the euro to rise.See the full content of this document
Extract
Hedge Fund Glg Bullish On Euro, Avoids Greece
"I'm bullish on the euro," Mr. Abdel-Motaal, whose portfolios include the GLG Emerging Markets fund, told the Reuters Hedge Fund and Private Equity Summ...
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