Hedge Fund Dromeus Turns Greek Tragedy to Triumph With 160% Gain
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Dromeus Capital Management SA is turning Greek tragedy into triumph.
When Achilles Risvas, chief executive officer of the $240 million investment firm, and Jason Manolopoulos started a fund to wager on Greece’s recovery in October 2012, the country was in intensive care with euro-area governments pushing its leadership to make deeper spending cuts after a bailout. Greece has since largely repaired its finances, returned to the bond market, and according to economists will grow its economy for the first time since 2007.