Dart vulture fund set to profit from Greek chaos

| 16/05/2012

dart.jpg(CNS Business): Almost 90 percent of a €436 million bond payment made by the Greek government to investors who rejected the country's debt revamping deal in March went to Dart Management, according to The New York Times, which described it as “a secretive investment fund based in the Cayman Islands”, and cited “people with direct knowledge of the transaction”. The Times called Dart “one of the best known of the so-called vulture funds, which have a track record of buying the distressed bonds of nearly bankrupt countries — and if they do not get paid, suing the governments for the money”. Read more on CNS business

Category: Business

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