A Hedge Fund Hunts for Greece's Hidden Gems

Naftilia wants to find healthy companies obscured by the crisis
The Greek national flag flies above Parliament in Athens Photograph by Chris Ratcliffe/Bloomberg

George Elliott is used to being treated as a curiosity. As founder of Naftilia Asset Management, the financier is raising money for a hedge fund that plans to buy nothing but Greek stocks. In March he met in London with an investment manager who within seconds of sitting down made it clear that he had no interest in wagering on Greece. He just wanted to hear about the hedge fund’s strategy, Elliott says.

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