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Greek Exit to Be ‘Hiccup’ in European Rally, GAM CEO Says

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A Greek exit from the euro area would only bring a temporary halt to the rally in European equities and high-yielding credit, GAM Holding AG Chief Executive Officer Alexander Friedman said.

“We probably have another two to three years left of this risk rally,” Friedman, 44, who oversees 123 billion Swiss francs ($130 billion) at the Swiss asset manager, said in an interview in Zurich. “We’re going to have hiccups potentially on policy levels, of which Greece is the first one coming.”