Some hedge funds are starting to buy assets in Greece after a lengthy hiatus, betting the former sick man of Europe has been overlooked by most investors and offers potential bargains, The Wall Street Journal reports.
Funds including Brevan Howard, Amber Capital and VR Capital have been considering a range of Greek assets in recent months. Managers say that while Greece is now finally benefiting from Europe’s economic recovery, many investors have overlooked Greek assets because of the country’s long-running debt crisis.