Lyxor Says Its Greek Exposure Is Moderate, Reasonably Hedged
As the likelihood of Greece exiting the euro keeps going up, hedge funds that had been attracted to low equity prices and high yields in the past few years will have to manage the fallout (or those that haven’t already left, anyhow). In its weekly brief, Lyxor Asset Management takes stock of its Greek exposure and decides that its positions are ‘moderate and reasonably hedged’.