Greece May Fall Into "Chaos" As Elections Leave Uncertainty

HFA Padded
Mark Melin
Published on
Updated on

Hedge funds and investment bankers across Europe just woke up to a nightmare. Democracy might actually break out in Greece — and as a result bond investors may share in the pain with austerity stricken Greek residents. Greece’s Prime Minister Samaras has lost a vote According to a Bloomberg report, Greece’s Prime Minister Samaras has lost a vote in the Greek parliament that would have installed his candidate, Stavros Dimas, as president. Dimas needed at least 200 of the 300 votes in parliament, but he fell short. The vote, according to early press reports, was 160 For, 135 Against, and 5 Abstain. Press…

This content is exclusively for paying members of Hedge Fund Alpha

Log In

Insider Strategies and Letters to Shareholders from the Top Hedge Funds and Maximize Your Portfolio Growth with Hedge Fund Alpha

Don’t have an account?

Subscribe now and get 7 days free!

HFA Padded

Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.