Mon, Oct 20, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
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......................

To view our full article Click here

Banner

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 Roundtable: Where are all the good ESG hedge funds?[more]

    Benedicte Gravrand, Opalesque Geneva: What are the benefits of sustainable investing? Many pension funds look to focus on that angle to reflect their company’s good governance, but face many challenges while doing that. A portfolio manager at Univest, a large Dutch pension fund, discusses this is

  2. Bill Gross gives his first investment outlook for Janus fund[more]

    Bill Gross strikes a gloomy tone in his first note to investors at his new gig at Janus Capital. Bill Gross, the renowned bond fund manger, struck a pessimistic chord in his first note to investors at his new gig at Janus Capital. His notes, usually full of silly commentary and upbeat advice, took a

  3. Investing - Big investors move to shore up Fannie, Freddie trade, Two hedge funds eye $1bn support to Sahara to secure Subrata Roy's release[more]

    Big investors move to shore up Fannie, Freddie trade From Forbes.com: Two of the nation’s most prominent investors who have been leading the charge to make a big score out of the shares of Fannie Mae and Freddie Mac moved on Friday to shore up shares of the mortgage giants that plunged r

  4. Opalesque Exclusive: What's next for trend followers?[more]

    Bailey McCann, Opalesque New York: New research out from Ibbotson touches on a key debate happening among investors and fund managers, specifically whether long term trend followers can survive in the new

  5. Swiss insurance investment manager opens office in insurance traders' Mecca; London[more]

    Benedicte Gravrand, Opalesque Geneva: Twelve Capital, a swiss manager focused on insurance related investments, was authorised by the UK's Financial Conduct Authority (FCA) as a MiFID investment firm on October 1st and opened its new London office. "In an effort to enhance its investment