UPI – Five hard-line hedge funds threatened to block a final effort to save Greece from default unless they get an ample bond payout, debt-restructuring sources said.
New York’s York Capital Management, Marathon Asset Management and Och-Ziff Capital Management Group, Florida’s GreyLock Asset Management and Europe’s Vega Asset Management vowed to prevent a restructuring deal from going through if they were not guaranteed a significant profit on Greek bonds they bought at distressed prices, sources familiar with the talks told the British newspaper The Independent.
