Who Was The Only Fund Manager Who Made Money In Greek Stocks?

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Who Was The Only Fund Manager Who Made Money In Greek Stocks?

Vasileios Antoniadis, a fund manager at Metlife MFC, made money in Greek stocks while his peers didn’t when Greece was embroiled in bailout negotiations that affected the markets.

Data compiled by Bloomberg showed that Antoniades’ Alico M&S Domestic Equity fund gained 4.8% this year—the only fund out of the 35 focused on Greece. Some of the funds lost an average of 15%. Others recorded as much as 28% in losses.

The ASE Index declined 18% to Greece’s capital controls and bailout talks that lasted for months, which ignited concerns that the country might exit the Eurozone. Antoniadis maintained his primary holdings in Greek stocks even if the situation turned sour, and the stock exchange closes.

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