Elan is latest hedge fund to weigh Athens office
Elan Capital Management is considering opening an office in Athens, adding another London-based hedge fund to a growing list of investment firms exploring Greece as a potential base for staff and operations, according to a report by Bloomberg.
Hedge fund Elan Capital Management is mulling the idea of establishing an office in Athens, according to Bloomberg. This would make Elan the latest London-based investment firm to consider Greece as a potential base for its staff and operations. Bloomberg reports that the fixed income relative value specialist has had initial talks with Greek authorities regarding the move, though no final decision has been reached.
Elan was founded in 2018 by Renos Dimitriou after a spin-off from Pine River Capital Management. However, the company declined to provide any comment on the matter. The potential establishment of an Athens office follows other hedge fund firms such as Millennium Management and Verition Fund Management, who are also evaluating opportunities in Greece. Some Millennium investment professionals are even considering relocating to the country.
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