Fri, Oct 28, 2016
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

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. David Einhorn speaks on passive investing, Mylan, his cheapest stock, the Fed[more]

    From Greenlight Capital hedge fund manager David Einhorn (Trades, Portfolio) joined nine other famed investors on Tuesday to talk about stocks at the annual Great Investors’ Best Ideas Investment Symposium in Dallas. Presenters at the annual conference typically pitch one or severa

  2. Investing - Fund set up to buy illiquid hedge fund stakes finds plenty of opportunities, Lansdowne's Roden says likes animal genetics company Genus[more]

    Fund set up to buy illiquid hedge fund stakes finds plenty of opportunities From As ValueWalk reported back in February, earlier this year Andrew Lawrence set out to raise $250 million to $500 million for a fund that will buy stakes in hedge funds that have suspended redem

  3. Other Voices: Don’t mistake style for skill — The impact of style factors on trend follower performance[more]

    By John Dolfin, CFA Chief Investment Officer and Christopher Maxey, CAIA, Senior Portfolio Manager of Steben & Company: Managed futures have become an alternative asset class that is widely used by investors seeking overall portfolio diversification and absolute returns independent of the

  4. Opalesque Roundtable: Style drift, poor communications and credibility fatigue are biggest red flags for hedge funds investors[more]

    Komfie Manalo, Opalesque Asia: Style drift, poor communications and credibility fatigue are the biggest red flags for hedge funds investors, said participants of the latest 2016 Opalesque Investor Roundtable, sponso

  5. Barclay CTA Index down 0.40% in September (+0.10% YTD)[more]

    Managed futures traders lost 0.40% in September according to the Barclay CTA Index compiled by BarclayHedge. The Index is up 0.10% year to date. “The US Fed, in spite of its hawkish tone, opted to hold rates steady which roiled financial markets,” says Sol Waksman, founder and president of BarclayHe