Greek front-runners vow to stay in euro after elections

[minestrone]

No hedge fund has been stupid enough to buy into Greek debt.

I suspect JPM made a terrible decision on holding positions derived from Greece.

[AtW]

No hedge fund has been stupid enough to buy into Greek debt.

"Hedge funds and investors in distressed assets are buying as mutual funds and banks have to sell because of credit downgrades, said Saflekos, a native of the Greek city of Thessaloniki."

Hedge Funds Lured by Greek Housing Debt Paying 22%: Mortgages - 15 Jun 2012

"In the last month or so, hedge funds purchased an estimated 4 billion euros ($5.2 billion) of beaten-down Greek bonds that mature on March 20."

http://dealbook.nytimes.com/2012/01/...ad-greek-debt/

Better check if your new place of work is in it as well

[AtW]

I suspect JPM made a terrible decision on holding positions derived from Greece.

Technically speaking JPM is a bank rather than hedge fund ...

[minestrone]

Technically speaking JPM is a bank rather than hedge fund ...

What would I know.

[AtW]

What would I know.

They might act like a reckless hedgefund but as I said technically they are a bank.

This does not mean your suggestion of them putting money into Greek is incorrect - only that they are not a hedge fund.

[petergriffin]

No hedge fund has been stupid enough to buy into Greek debt.

You're mistaken. They had 14.5 billion euros in March 2012 (source = reuters). Plus all those hedge funds who have been shorting Greece will have to buy at some points if they want to cash in or they'll lose their bets (somebody correct me if I'm wrong on this).