Hedge funds unfazed as Greece drama continues

A woman takes a drink in front of the Parthenon temple on Acropolis hill in Athens, June 18, 2015.
Paul Hanna | Reuters

The small group of hedge funds betting on a Greek recovery remain invested, still hoping that assets like government bonds and bank stocks will rally once a political solution is reached on the nation's financial obligations.

"[There's] no change on the expectation of a deal," Diego Ferro, co-chief investment officer of $1 billion global investor Greylock Capital Management, said in an email. "This problem has been political from the beginning, the amount of money involved is not that big. So you would expect some bickering to last until it is signed. "

Greylock owns government bonds and bank stocks.