U.S. investment funds return to Greece

U.S. investment funds return to Greece

 

The management company Third Point LLC of Daniel Loeb (photo), the investor who has earned billions from his placement in Greek bonds after being reassured by Europeans last year that they will not let Greece collapse, proceeds in creating a hedge fund that will invest exclusively in Greek assets.

The fund will be called the “Third Point Hellenic Recovery Fund” and will invest in companies undergoing restructuring, as notified by a letter to the Third Point customers yesterday.