Fri, Nov 28, 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. Unlucky Paulson & Co. rebrands $1.6bn Recovery Fund after 13% drop[more]

    From Businessweek.com: A maturing U.S. economic recovery is prompting Paulson & Co. to change course. The $19 billion hedge fund firm, led by billionaire John Paulson, told investors on a conference call this month that the Paulson Recovery Fund will be renamed Paulson Special Situations Fund on Jan

  2. Opalesque Roundtable: Islamic Finance races ahead with Sukuk, the first managed account platform, and foreign demand[more]

    Komfie Manalo, Opalesque Asia: A number of developments took place within Islamic finance in the past years, including the launch of a Islamic managed account platform and the further growth of the sukuk space that saw this instrument evolve from being a type of an ABS security that was rarely

  3. CTAs , event-driven strategies lead hedge funds recovery in mid-November[more]

    Komfie Manalo, Opalesque Asia: November’s performance proves to be in sharp contrast to the previous month, with equities further consolidating their upswing last week, according to the latest Lyxor Asset Management’s Weekly Brief. CTA funds als

  4. Fund Profile - A complex hedge fund strategy works for United Technologies[more]

    From Institutionalinvestor.com: Reports that portable alpha is dead have been greatly exaggerated, as Mark Twain might have phrased it. Another Connecticut Yankee, giant United Technologies Corp., is gearing up to grow its successful, nearly decade-long portable-alpha program. The UTC strategy took

  5. Opalesque Exclusive: The unintended consequences of Basel III[more]

    Benedicte Gravrand, Opalesque Geneva: Bijesh Amin, co-founder and managing director of Indus Valley Partners (IVP), a technology solutions and services firm focused on the alternative asset management industry, has recently observed