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Alternative Market Briefing

Miami delegates outline opportunities for 2014

Wednesday, January 08, 2014

amb
Pratik Sharma
Bailey McCann, Opalesque New York:

Delegates at the most recent Opaleque Miami Roundtable had much to say on how Miami is growing and changing as a destination for hedge funds. They also took the opportunity to highlight where they are finding opportunities in a city that serves as a nexus point for the Americas.

"So right now state run banks in India seem to be pretty interesting. They are nowhere near as levered as U.S. banks. I think you we are probably closer to the peak of the NPA cycle as opposed to the beginning. Despite a cyclical high in NPAs, some of these public sector banks are still profitable. At the end of the day all the provisioning that has been done is being done from operating income," explains Pratik Sharma, Managing Director, Atyant Capital. Atyant focuses on opportunities in India, and also maintains a presence on the ground there. He notes that Indian banks are currently trading at 0.3 times book value which makes them an enticing prospect.

Patrick Stutz, CFA, CAIA, Chief Investment Officer, Bayshore Capital Advisors, an alternative investment firm located in Tampa, Florida sees a variation on the financials sector, with opportunities in non-bank lending driven by ongoing financial deleveraging and regulatory changes. "Regulatory pressure forces banks to retreat from many attractive businesses, creating opportunities for non-bank players," h......................

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