Jupiter Ditches Greek Bonds on ECB Bet
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Jupiter Asset Management Ltd., which joined the likes of BlackRock Inc. to buy Greece’s government bonds in April, has sold all its holdings of the nation’s debt.
Ariel Bezalel, who helps manage Jupiter’s $51 billion of assets, said his fund started reducing its position in Greek debt “a few weeks ago” and disposed of the last portion yesterday, judging the European Central Bank won’t deliver a program of bond purchases known as quantitative easing.