Hedge fund worried about new turbulence in Europe
![Hedge fund worried about new turbulence in Europe](https://www.ekathimerini.com/wp-content/uploads/2015/08/stockmarket_web.jpg)
Paul Singer’s $27 billion hedge fund Elliott Associates is worried about Europe’s prospects and is bracing for fresh market turbulence.
In a letter to investors it expressed concern about Europe even after the region found a solution to Greece’s debt problem and worries that long-term problems have not been adequately addressed, possibly causing “the breakup of the euro.” “The bottom line in our view is that Europe is in a very difficult situation,” the fund wrote.
[Reuters]