Bloomberg – When Achilles Risvas, chief executive officer of the $240 million investment firm, and Jason Manolopoulos started a fund to wager on Greece’s recovery in October 2012, the country was in intensive care with euro-area governments pushing its leadership to make deeper spending cuts after a bailout. Greece has since largely repaired its finances, returned to the bond market, and according to economists will grow its economy for the first time since 2007.
That’s helped the Dromeus Greek Advantage Fund gain 26 percent this year through June, according to an investor update obtained by Bloomberg News. The strategy has gained 160 percent since inception, compared with less than 10 percent for the average hedge fund.
