Saturday, June 25, 2011
Hedge fund vultures prepare to swoop on Greece
A Greek crisis? Well, certainly for the Greek people, but not for hedge fund managers.
The Daily Telegraph reports:
Fund managers gathered in Monaco for the GAIM conference have said that depressed asset prices and rock-bottom debt instruments could be worth the risk.
Robert Marquardt, founder of Signet, a fund of hedge funds, told reporters that the Greek crisis was "certainly a great chance to make money".
As one commentor on the Daily Telegraph website puts it:
We must face off their threat, reclaim our stolen wealth and mercilessly lance this boil on the face of humanity. They truly are the most undeserving and disgusting parasites ever to infest our planet.
And that is a comment from a Daily Telegraph reader.
hat tip: Pete F on the Media Lens message board.