HALISTER1: Greylock Remains Positive on Greece, Expects Deal With Creditors

Greylock Remains Positive on Greece, Expects Deal With Creditors

(Bloomberg) -- Greylock Capital Management sees value in the short-end and favors GGBs due in 2017 and 2019, co-chief investment officer Diego Ferro writes in e-mailed comments.
  • Greylock “constructive on a deal happening” between Greece and creditors
  • Welcomes volatility to add to existing Greek bond positions; 2017 GGB moved by ~10 points when nothing of substance really changed for Greece
  • Greylock has ~$1b of assets under management, Ferro says
  • NOTE: Greece, creditors take time out to attend IMF spring meeting after failing to reach initial agreement; BofAML expects bailout review to conclude before July payments
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
0447838D US (Greylock Capital Management LLC/USA)

People
Diego Ferro (Greylock Capital Management LLC/USA)

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