Wed, Jul 30, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

European utilities offer investors more than a safe haven investment

Tuesday, September 11, 2012

amb
Isabel Serra
Bailey McCann, Opalesque New York:

European utilities, which were historically a safe haven style investment for those looking for value, may now find themselves with greater opportunity and slightly greater risk, according to a new Opalesque Radio interview. Isabel Serra is Founding Partner and CEO of Madrid based Cygnus Asset Management, which manages over $300m and focuses on utilities and energy investments in Europe.

"Power is a strategic sector in any economy and particularly for Europe," she said noting that the investment universe for Cygnus includes not only utilities, but oil, gas and infrastructure opportunities as well. "This space represents about 20% of the European market-cap, many of these companies are very much commodity driven," Serra says.

She explains that the liberalization of the European power market in the 1990s essentially bifurcated the market into one sub-set of regulated companies and another of competitive businesses. More recently this has expanded to include a growing renewable energy sector. As such, Serra says, "we have moved to a universe that is now reactive to key drivers – most importantly, commodities and regulation."

According to a recent report from PricewaterhouseCoopers, desp......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Hedge fund manager Winton Capital making headway with long-only strategy[more]

    From PIonline.com: North American investors are helping Winton Capital Management Ltd. make progress — albeit slowly — toward its founder's goal of becoming a $100 billion company. The firm's ticket to quadrupling its assets under management is unlikely to be one of its scientifically designed manag

  2. Opalesque Roundtable: Success in hedge fund marketing not linked to performance, but investor appetite[more]

    Komfie Manalo, Opalesque Asia: Success in marketing a fund is not linked to the performance, but to investor appetite, to the way you can market the fund, and to how much time you can spend to raise assets, said Antoine Rolland, the CEO of incubator and seeding firm

  3. Opalesque Radio: Now is a good time to buy protection cheaply in the options market[more]

    Benedicte Gravrand, Opalesque Geneva: Investors are showing an increased interest in risk parity funds and strategies, Opalesque reported last year. Risk parity strategies have the

  4. The Big Picture: Charlemagne Capital smoothes risk out of frontier market investing with portfolio approach[more]

    Benedicte Gravrand, Opalesque Geneva: Opalesque recently talked to one of the portfolio managers of the Oaks funds, which are emerging and frontier market hedge funds focusing on equity long/short with a directional approach. They are run by

  5. Winton’s low-cost equities fund tops $1bn for first time[more]

    From FT.com: Winton, the London-based hedge fund, has increased the assets in its low-cost equities fund to more than $1bn for the first time in a sign that traditional stock managers may come under increasing pressure from computer-driven rivals. Winton, which manages about $25bn in total ass