Wed, Sep 28, 2016
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

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. Nobel Sustainability Trust, Prince Albert II of Monaco help launch major new initiative to drive sustainable technologies[more]

    Matthias Knab, Opalesque: The Nobel Sustainability® Trust ("NST") is leading a major new initiative to finance, incubate and accelerate the development of clean technologies. The initiative will start with the formation of the Nobel Sustainability Fund® ("NSF"). NSF will drive faster access t

  2. Studies - Hedge funds’ study reveals vast disparity in types of investors securing side letter arrangements, Cambridge: Look to private investments for best access to LatAm growth[more]

    Hedge funds’ study reveals vast disparity in types of investors securing side letter arrangements A new study of the hedge fund space by industry law firm Seward & Kissel LLP reveals a wealth of information regarding established hedge fund managers’ use of side letters—special agreements

  3. Activist News - Caesars 'optimistic' on deal with hedge fund creditors[more]

    From Reuters.com: Caesars Entertainment Corp said on Monday it remains "optimistic" of reaching a $5 billion deal with the bulk of its creditors to push its main operating unit out of bankruptcy, but one hedge fund bondholder said it will pursue litigation. Caesars offered a sweetened $5 billion set

  4. Hedge funds recover from losses as central banks give markets a respite[more]

    Komfie Manalo, Opalesque Asia: The Lyxor Hedge Fund index was up 0.4% from the week ending September 20 (-2.4% YTD), supported by the willingness of central banks to remain accommodative, Lyxor Asset Management said in its weekly briefing. It ad

  5. Perry Capital closing flagship fund after almost three decades[more]

    From Blooomberg.com: Richard Perry, one of the biggest names in hedge funds, is calling it quits after 28 years. Perry, 61, is winding down his New York-based flagship fund as the industry confronts one of the most tumultuous periods in its history. In a letter to investors Monday, he said his style