Third Point Turns $500M Profit On Greek Debt

Dec 19 2012 | 11:29am ET

Third Point's Dan Loeb was so sure that Greece wouldn't be dumped from the eurozone that he bought up US$1 billion in Greek sovereign bonds. And in the wake of Monday's debt buyback deal, which paid 34 cents on the euro, he's got 500 million reasons to smile.


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