Many hedge funds expect Greece's debt crisis to spread to other countries, and some managers in the $1.5 trillion industry think the country's problems will lead to the breakup of the euro, according to a survey released Tuesday.

TrimTabs Investment Research and BarclayHedge polled 61 hedge fund managers overseeing almost $7 billion in mid-February, and found that nearly 60% expect the Greek debt crisis to spread to other European countries. The survey also found 15% of managers expect the crisis will lead to a breakup of the euro. No manager in the euro zone expected this, but it was popular with U.K. and U.S. managers, TrimTabs and BarclayHedge said.

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