07.06.2016 - Europe’s Worst Currency Lures NN Manager Undaunted by Politics
Poland’s new leaders will probably soften a proposal to force banks to convert $35 billion of Swiss franc mortgages into zloty, according to a money manager whose contrarian bet calls for a rebound in eastern Europe’s worst-performing currency. Marcin Adamczyk, who helps oversee about $7 billion of emerging-market debt as a fund manager at NN Investment Partners in the Hague, is buying the zloty on the view that it will strengthen once the government clarifies details of a home-loan swap that the central bank deemed as "pure evil" in February...............................................Full Article: Source
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