ECONOMY

Hedge fund worried about new turbulence in Europe

hedge-fund-worried-about-new-turbulence-in-europe

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]