Panic Sets in Among Hardy Hedge Fund Investors Remaining in Greece
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Greeks lined up outside the National Bank of Greece. The prime minister said the banks would not open on Monday.CreditEirini Vourloumis for The New York Times
ATHENS — For investors around the world looking at Greece, there was but one question Sunday: What is going to happen when the markets open?
On Sunday night, the prime minister, Alexis Tsipras, said in a televised address that Greece’s banks and stock market would be closed on Monday, as Athens tries to avert a financial collapse.
But the question of what happens when the markets do open is particularly acute for the hedge fund investors — including luminaries like David Einhorn and John Paulson — who have collectively poured more than 10 billion euros, or $11 billion, into Greek government bonds, bank stocks and a slew of other investments…
Panic Sets in Among Hardy Hedge Fund Investors Remaining in Greece
