Hedge fund

Bond issue a multiple success

At a single stroke on Tuesday, the Public Debt Management Agency managed to beat the volatility and pressures expected to be caused by the continued tightening of European Central Bank monetary policy and the national elections, and to cover 50% of the 2023 loan program with its first market foray of the year.

Reddit users say GameStop rocket is revenge of the masses

For some Reddit users, GameStop's dizzying rocket ride on Wall Street is a case of the masses rebelling against one-percenters hoarding the world's wealth.

The social media-fueled movement has sent shares in the U.S. video game retail chain soaring from less than $20 weeks ago to a peak of $492 on Thursday, dearly costing hedge funds that bet GameStop stock would tank.

Akazoo is facing legal proceedings

A series of US legal firms on Tuesday invited the shareholders of Greek online music streaming company Akazoo to take part in legal cases being launched against the Athens-based corporation on the grounds of cheating, following a hedge fund report alleging serious irregularities at the Nasdaq-listed enterprise.

Jewellery maker Folli aiming for creditors deal 'within days,' says source

Greek jewellery maker Folli Follie is in talks with three bondholders hoping to firm up a restructuring plan "within days", a senior company source told Reuters on Friday.
The step is key for the company, which has debt of about 430 million euros due this year and in 2021, to avoid collapse.

Hedge funds hunt for shipping debt in new market push

A growing number of hedge funds are moving into shipping debt, an asset class few have invested in before, looking to buy up loans and bonds as banks cut their exposure to the troubled sector.
Deals expected to generate hedge fund interest include a portfolio of distressed shipping loans that Greece's Piraeus Bank is seeking to sell, finance sources said.

Greek jeweller Folli appoints new CFO

Greek jewellery maker Folli Follie has appointed a new chief financial officer as the troubled company seeks to overhaul its business after an accounting misconduct scandal.

George Samios, who holds a degree in banking, finance and risk management assumed the CFO role on Jan. 9, Folli said in a bourse filing late on Wednesday.

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