German Regulator Takes Heat Off Hedge Funds On Greece

Mar 9 2010 | 9:21am ET

Hedge funds have taken a lot of grief for Greece’s troubles. The country last week went so far as to bar hedge funds from participating in a debt sale in retaliation. But it seems the industry may stand falsely accused.

The German financial regulator, BaFin—not generally known for its pro-hedge fund stances—moved to tamp down on speculation that hedge funds were pushing Greece towards default.

“The Bundersanstalt für Finanzdienstleistungsaufsicht has, contrary to reports, not found that derivatives, otherwise known as credit default swaps, were used to speculate against Greek government bonds,” the regulator said, according to the Financial Times.


In Depth

Dillon Eustace: The Advantages of ICAVs

Feb 11 2016 | 7:51pm ET

As the growth of alternative investment vehicles continues, global asset managers...

Lifestyle

Citadel's Ken Griffin Donates $40M To New York's Museum of Modern Art

Dec 22 2015 | 9:23pm ET

Citadel founder Ken Griffin has donated $40 million to New York’s Museum of Modern...

Guest Contributor

Hedging Against Reputational Risk in the 21st Century

Feb 12 2016 | 7:18pm ET

For investors, the first step in researching a new fund or manager is to google...