With their rivals distracted by the drama of US politics a small but growing number of hedge funds are increasing their exposure to one of the least fashionable markets in the world — continental Europe.
“American investors have pretty much given up on Europe,” says Joseph Oughourlian, founder of the $1.5bn activist hedge fund Amber Capital. “Europe is seen as the big loser in the current geopolitical trend. People feel [Donald] Trump is almost openly in favour of the disintegration of the European Union and that Brexit is just the beginning”.
As nimbler alternative asset managers seek to increase their exposure to European assets, with early buyers having booked big gains for 2016, a broader base of mainstream fund managers appear unconvinced.
Submitted February 03, 2017 at 03:43AM by thrwwy_llt http://ift.tt/2kw5ODC
