The managers of a fund for Greek pension schemes have doubled its assets by following the example of aggressive investors who netted windfall gains buying junk-rated Greek government bonds last year.
The Hellenic Pension Mutual Fund Management Company’s investment committee took a last June that Greece would manage to get its economic reform programme back on track and avoid crashing out of the euro.
“It was risky because there was so much scepticism about Greece’s fate as a eurozone member,” said John Kyriakopoulos, HPMF’s managing director.
To read the full article by the Financial Times click here. The managers of a fund for Greek pension schemes have doubled its assets by following the example of aggressive investors who netted windfall gains buying junk-rated Greek government bonds last year.
The Hellenic Pension Mutual Fund Management Company’s investment committee took a last June that Greece would manage to get its economic reform programme back on track and avoid crashing out of the euro.
“It was risky because there was so much scepticism about Greece’s fate as a eurozone member,” said John Kyriakopoulos, HPMF’s managing director.
To read the full article by the Financial Times click here
