Thu, May 26, 2016
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. Paul Tudor’s hedge fund trims fee amidst poor performance, keep investors[more]

    Komfie Manalo, Opalesque Asia: Paul Tudor’s $11.6bn hedge fund firm Tudor Investment Corp. announced on Monday it would slash down fees of one of its biggest fund to 2.25% of assets and 25% of profits amidst backlash arising from poor performa

  2. Ares Capital to buy American Capital in $3.4 billion deal[more]

    From PIOnline.com: Ares Management's business development company Ares Capital Corp. is buying troubled BDC American Capital for $3.43 billion, said a joint news release by the BDCs and another release by Ares Management. Ares Capital Corp.'s assets are expected to grow to about $13.2 billion when t

  3. Performance - Hedge fund ETFs take a battering, Have long-short credit funds delivered?[more]

    Hedge fund ETFs take a battering From ETFStrategy.co.uk: It was a blow for the hedge fund world when Hillary Clinton’s son-in-law Marc Mezvinsky announced he would be closing his Greek-focused fund after it plummeted in value by 90%, just two years after it launched. For passive investor

  4. West Virginia objects to Alpha Natural sale to hedge fund[more]

    From AP/Heraldcourier.com: West Virginia's environmental authority has filed an objection to the proposed $500 million sale of Alpha Natural Resources' assets to a hedge fund, arguing that the deal could leave the state holding hundreds of millions in reclamation liabilities. The Register-Hera

  5. Launches - Man Group and American Beacon launch new emerging debt fund, Nikko AM launches new Japan equity UCITS fund[more]

    Man Group and American Beacon launch new emerging debt fund American Beacon Advisors, an experienced provider of investment advisory services to institutional and retail markets, launched the American Beacon GLG Total Return Fund today. The Fund became effective May 20. The America