Wed, Oct 7, 2015
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

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. U.S. hedge funds prepare for worst finish this year since 2008[more]

    Komfie Manalo, Opalesque Asia: U.S.-focused hedge funds are preparing for their worst year since the 2008 global financial crisis, following a series of letdown including the market sell-off in August and the sell-off in healthcare and biotechnology sectors last month, reported

  2. Investing - AQR Capital and Renaissance Technologies raise stakes in Southwest Airlines[more]

    From In the previous part of this series, we saw how institutional investors played Southwest Airlines (LUV) in 2Q15. Now let’s move on to the trades executed by key hedge funds in Southwest Airlines over the same period. … Most of the hedge funds that had significant exposu

  3. DoubleLine’s Jeffrey Gundlach warns of another round of market shakedown[more]

    Komfie Manalo, Opalesque Asia: DoubleLine Capital co-founder Jeffrey Gundlach is painting a bleak future as he warned that the U.S. equity market and other risk markets, such as high-yield "junk" bonds, are facing another round of selling pressure. Gundlach said in an interview with

  4. A hedge fund strategy that seems to have fizzled[more]

    From The hedge fund strategy that has attracted the most money this year is on course to cause some of the biggest losses for investors, in the latest example of the dangers of going with the crowd. Institutions and individuals have piled an estimated $20 billion (Dh73 billion) into ma

  5. Hedge fund Barnegat survives September’s market selloff[more]

    Komfie Manalo, Opalesque Asia: Bob Treue’s $679 million Barnegat Fund proved resilient after another month of market letdown as the hedge fund gained 2.2% last month, bringing its year-to-date gains to 2.8%. Treue said in his monthly report to i