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2009年に欧州のソブリン債務危機が始まってから、ブルーベイはその後の状況を注意深く見極め、2011年と2012年にショート・ポジションとロング・ポジションの両方を通じてベンチマークに対して2桁のリターンを獲得しました。2015年には、ギリシャがユーロ圏から離脱する可能性について、かなりのノイズが発生しました。当時の市場コンセンサスに反して、ブルーベイはギリシャ国債が大幅なスプレッド縮小を経てもなお、同等格付けの国債に比べて魅力的な水準にあると考えました。ギリシャの政党「シリザ」とブリュッセルの欧州議会との徹底した議論により、保有するポジションに確信を深め、堅調なリターンを獲得することが出来ました。
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