Hedge funds eye big gains from Greek banks

The Financial Times reports some of the biggest hedge funds are moving heaps of cash into Greece’s banking sector in hopes of major returns.

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“Farallon Capital, York Capital Management, QVT Financial and Dromeus are among hedge funds that are set to participate in the recapitalisation of the country’s banks. The hedge funds are among the largest institutions involved in a €550m share issue from Alpha Bank, Greece’s second-largest lender, set for completion in mid June, said people familiar with the plans.”

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