German Regulator Takes Heat Off Hedge Funds On Greece

Mar 9 2010 | 10:21am 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

Q&A: Decathlon Capital On Revenue-Based Alternative Lending

Oct 30 2017 | 3:49pm ET

The explosion in private credit activity since the end of the financial crisis is...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Saxby: Not All EBITDA Is Created Equal

Nov 30 2017 | 8:02pm ET

Record levels of dry powder are driving competition among private equity firms to...