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Welcome, 77 artists, 40 different points of Attica welcomes you by singing Erotokritos an epic romance written at 1713 by Vitsentzos Kornaros

Friday, July 3, 2015

Greek chaos brings valuations headache for fund firms

By Sinead Cruise and Nishant Kumar LONDON (Reuters) - Fund firms with even token exposure to Greece hope Athens will soon reopen its stock exchange so they can wave goodbye to the 'guess-work' of valuing their funds. The closure of the Athens Stock Exchange since Monday has made it impossible for managers to ascertain exactly how far the value of shares in bluechip Greek companies such as Alpha Bank and Hellenic Telecommunications might have fallen since the country fell deeper into crisis. Only a handful of fund firms still hold large volumes of Greek stocks, after years of deep recession, political turmoil and the increasing risk of ejection from the euro sent all but the most bullish of investors fleeing for the exit.


READ THE ORIGINAL POST AT uk.news.yahoo.com