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Vassilis Vergotis From Komfie Manalo, Opalesque Asia:

Brazilian focused hedge fund managers are looking at opportunities in the on-going European sovereign debt issue, particularly in Italian bonds. Indeed, local hedge fund managers share the view that they should help their clients to do business outside of Brazil and take advantage of emerging opportunities offshore.

At the recent Opalesque Brazil Roundtable, (sponsored by Citi and Eurex), Vassilis Vergotis, who is responsible for the offices of Eurex in the Americas, said that the recent sovereign debt crisis in Europe and the dramatic effects it had in the yield spreads between several non triple- A-rated European countries (e.g. Italy, Greece, Portugal, etc.) and Germany, had a significant impact on the ability of the firm’s core products that act as a proxy for sovereign exposure across all Eurozone countries. Vergotis explained that Eurex saw this as good opportunity for introducing a new product suite to cover this gap.

Eurex is one of the world's leading derivatives exchanges and is jointly operated by Deutsche Börse AG and SIX Swiss Exchange.

Some of Eurex’s core products are the Euro-Bund, Euro-Bobl and Euro-Schatz futures which are the Eurozone benchmarks for fixed income products for investors s......................

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