New $500 mln funds target Greek stocks, real estate

Brevan Howard Asset Management is readying two funds totaling $500 million focusing on Greek equities and real estate, Bloomberg reports.

“After eight years of crisis and recession that’s hit Greece, we’re at a point where the tail risks have disappeared and the country is stabilizing at a low base,” said Trifon Natsis, a founding partner of Brevan Howard.

“We anticipate a material uplift in the Greek economy and asset prices. The likely political transition over the next 12 to 18 months will add momentum and reinforce that process," he added .

Brevan Howard is hiring an investment team in Athens and plans to start by February, with Natsis overseeing the team from London.