Nov. 29 (Bloomberg) -- Almost two out of three hedge-fund managers predict Greece will drop the euro within two years and four in 10 say Italy and Spain will default or restructure their debts, a survey found.
About 65 percent said European Union members would issue euro bonds to ease the region’s sovereign debt crisis, according to the survey by Aksia LLC, a New York-based research and advisory firm, which questioned 125 hedge funds managing about $800 billion of assets, or more than one-third of hedge fund assets worldwide.
Eight in 10 managers said the Federal Reserve’s so-called operation twist, a plan to buy $400 billion in longer-term maturities by the end of June 2012, would fail to affect financial markets and 94 percent backed further monetary easing by European authorities, according to the survey.
--Editors: James Kraus, Matthew Brown
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