Wed, Aug 23, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

The Big Picture: UBP positive about European equities, hedge funds

Wednesday, July 03, 2013

amb
Alan Mudie
Benedicte Gravrand, Opalesque Geneva:

An Opalesque column for global macro investors.

The euro zone economy contracted for the sixth consecutive quarter, it was announced in May, making it officially the longest recession in the history of the euro, which launched in 1999.

But according to Union Bancaire Privée (UBP), even though Europe still has some deep-seated problems, there are good reasons to be optimist. UBP is one of Switzerland’s leading private banks, with around CHF80bn ($87bn) in assets under management (end of 2012).

The trend in the economy seems to be reversing, says Patrice Gautry, UBP’s Chief Economist, and this can be seen through monthly indicators, such as a drop in unemployment in Spain and an improvement in corporate sentiment. The combined budgetary and monetary policies are shifting and we are no longer spiralling into recession.

"Perhaps it is time to reassess our view of Europe and adopt a more positive outlook," he notes in the bank’s mid-year outlook (titled "Rebuilding Europe"). "Because even though credit is still frozen in the eurozone, the reforms implemented since 2008 and the determination shown by some governments – especially in the periphe......................

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. Opalesque Exclusive: Albright Capital puts a value lens on emerging markets[more]

    Bailey McCann, Opalesque New York: Over the past decade, investors have steadily increased investments in emerging markets private funds. Allocations to the cohort have increased from $93 billion in December 2006 to $564 billion in September 2016, according to data from research firm Preqin. Howe

  2. FinTech - Danger: Crowdfunding on the wrong platform could force you to go public[more]

    From LinkedIn.com: Some equity crowdfunding platforms are putting startups at serious risk. Working with a platform that doesn't structure your deal appropriately could jeopardize your ability to raise future capital or worse, force you to become a public reporting company. The emergence of eq

  3. David Tepper says we're 'nowhere near an overheated' stock market[more]

    From Marketwatch.com: Billionaire David Tepper thinks comparing this current stock-market environment with the overheated markets of 1999 is "ridiculous." The hedge-fund manager, who runs Appaloosa Management, told CNBC in a phone interview on Tuesday that the market's record run, notwithstanding la

  4. Opalesque Exclusive: Altegris and Artivest partner on distribution for alternative funds suite[more]

    Bailey McCann, Opalesque New York: California-based investment firm Altegris has partnered with New York-based alternative investments platform Artivest on distribution for $1 billion in alternative funds. The partnership also launches Artivest's capabilities to offer alternative solutions to acc

  5. Investing - Buffett's Berkshire Hathaway will not increase its Oncor offer, Travel-tilting hedge funds are investing in airlines and online travel agencies[more]

    Buffett's Berkshire Hathaway will not increase its Oncor offer From Reuters.com: The energy unit of Warren Buffett's Berkshire Hathaway Inc said on Wednesday it will "stand firm" on its $9 billion offer to acquire 80 percent of Oncor Electric Delivery Company LLC and will not increase it