Hedge Fund Finds Trade War Safe Haven in Southern Europe Stocks
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Last year’s rally in southern European equity markets has more room to run. So says Joseph Oughourlian, the founder and managing partner of London-based hedge fund Amber Capital, who sees upside in local stocks he considers relatively immune to risks surrounding the global economy.
Oughourlian’s picks in countries like Italy and Greece -- whose equity benchmarks beat the Stoxx Europe 600 Index last year -- are poised to benefit from rising domestic demand and are less exposed to “China, trade and technology,” topics that could prove complicated in the months to come, he said an interview in London.