BUSINESS

VR Capital Group bets on Greek assets

TAGS: Markets

Against a backdrop of slower economic growth, prominent hedge fund managers gathered in New York on Wednesday and said it will take longer for stocks to rise and laid out best ideas that markets barely reacted to.

However, Richard Deitz, who runs VR Capital Group, said he sees a bright light in Europe and that he is betting on Greek debt and banks, because he thinks banks will be overcapitalized in several years.

[Reuters]

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