Tue, Oct 24, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Mixed signals from Europe with Greece attracting investor interest but Germany reporting fifth month of decline

Tuesday, September 25, 2012

Beverly Chandler, Opalesque London: Some support for the results of the BofA Merrill Lynch fund manager survey last week, reported in Opalesque, that found that fund managers were becoming less fearful of European sovereign risk, comes in the news that Exotix, the frontier market investment banking boutique’s has conducted a successful investor road show in Athens, Greece. The roadshow saw investors from the UK, the US and even one Russian fund, with a collective pool of assets under management of over $40bn take part in a series of meeting with corporates and policy makers discussing the outlook for the Greek economy.

Exotix reports: "The participation of these funds marks an important change in sentiment towards Greece. The fear of a sovereign default turned away investors in their droves, shrinking equity markets and turning corporate debt markets illiquid. Sign of renewed investor appetite is welcome news to undervalued Greek corporates that have struggled to gain access to capital throughout the debt crisis".

George Zois, Head of Greek Equities & Capital Markets, at Exotix, commented "With the fear of a 'Grexit' diminishing, investors are waking up to the opportunities on offer in Greece. Many Greek corporates are eager to gain access to much needed capital and such......................

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. Regulatory - David Stockman: Trump tax reform overhaul is a pipe dream, stocks are heading for 40-70% plunge, Carried interest tax: How much does it matter?, Odey sees 'terrifying' mix in MiFID, tapering, asset values, Hedge funds come together to share cost of MiFID and research, SEC turns up the heat on U.S. investment advisers, India's Sebi asks hedge funds to report investments in commodity derivatives[more]

    David Stockman: Trump tax reform overhaul is a pipe dream, stocks are heading for 40-70% plunge From CNBC.com: David Stockman is warning about the Trump administration's tax overhaul plan, Federal Reserve policy, saying they could play into a severe stock market sell-off. Stockman, the R

  2. North America - Puerto Rico rejects loan offers, accusing hedge funds of trying to profit off hurricanes[more]

    From TheIintercept.com: Puerto Rico has rejected a bondholder group's offer to issue the territory additional debt as a response to the devastation of Hurricane Maria. Officials with Puerto Rico's Fiscal Agency and Financial Advisory Authority said the offer was "not viable" and would harm the islan

  3. Investing - WPP targeted by short-selling American hedge fund, Sun co-founder sells secretive hedge fund on big chip trade[more]

    WPP targeted by short-selling American hedge fund From Cityam.com: An American hedge fund has mounted a bet against WPP, the world's largest advertising group, with a trade worth almost £90m. Lone Pine Capital has built a short position worth 0.51 per cent of the FTSE 100 company,

  4. Hedge funds up as industry adjusts to rising rates[more]

    Komfie Manalo, Opalesque Asia: Hedge funds have reshuffled their portfolio after nearly four weeks of rising rates as the Lyxor Hedge Fund Index was up +0.2% from 19 September to 26 (+1.1% YTD), fuelled by strong results of global macro funds, Lyxor Ass

  5. Manager Profile - How the world's hedge fund king used 'idea meritocracy' to become a billionaire[more]

    From Forbes.com: In 1982, Ray Dalio made what he calls the biggest mistake of his life. He made a bet that there would be an economic collapse stemming from a debt crisis. And he was wrong. He lost money. He lost his client's money. He had to let people go from his firm and borrow money from his dad