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Hedge Fund Manager Perry Says Greek Bonds Could Trade at Par

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Richard Perry, head of the $10 billion Perry Capital, said that Greek bonds will eventually trade close to par helped by agreements with creditors and Europe’s bond buying efforts.

“There will be debt relief that the European creditors had promised in 2012 that will be delivered between 2015 and 2018,” said Perry, speaking at the CNBC Institutional Investor Delivering Alpha Conference in New York. The bonds, that are now trading at less than 50 cents on the dollar, will also be helped by Europe’s quantitative easing program.