Hedge funds seek rich pickings from Greek crisis

Reuters reports that hedge fund managers are sifting through the rubble of the deepening Greek debt crisis to find money-making opportunities, though political uncertainty makes it a risky business.

Executives at the annual GAIM conference in Monaco said they were eyeing Greek sovereign or corporate debt, while emerging markets also offered a safer haven away from worries that the euro zone is close to its first sovereign debt default….

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http://www.reuters.com/article/2011/06/22/hedgefunds-greece-idUSLDE75K1IB20110622