Kazarian Emerges After 20 Years With Bid for 10% of Greek Debt

Millionaire investor Paul Kazarian is ready to be noticed again.

Days after his Japonica Partners & Co. announced on June 3 an offer to buy as much as 2.9 billion euros ($3.8 billion) of Greek government debt, about 10 percent of all outstanding bonds, Kazarian sat on a bike in the gym at the Grande Bretagne in Athens, a hotel favored by hedge-fund managers and overseas investors scouring Europe’s worst-performing economy for distressed assets.