Outros sites Medialivre
Caldeirão da Bolsa

Hedge Fund Trade of the Day: Long Portugal, Short Ireland

Espaço dedicado a todo o tipo de troca de impressões sobre os mercados financeiros e ao que possa condicionar o desempenho dos mesmos.

por Quico » 14/5/2012 9:25

Oops! Desculpem. A Administração do fórum pode apagar. :oops:
"People want to be told what to do so badly that they'll listen to anyone." - Don Draper, Mad Men
Avatar do Utilizador
 
Mensagens: 4688
Registado: 12/5/2004 19:52

por LTCM » 14/5/2012 9:21

Remember the Golden Rule: Those who have the gold make the rules.
***
"A soberania e o respeito de Portugal impõem que neste lugar se erga um Forte, e isso é obra e serviço dos homens de El-Rei nosso senhor e, como tal, por mais duro, por mais difícil e por mais trabalhoso que isso dê, (...) é serviço de Portugal. E tem que se cumprir."
Avatar do Utilizador
 
Mensagens: 3030
Registado: 28/2/2007 14:18

Hedge Fund Trade of the Day: Long Portugal, Short Ireland

por Quico » 14/5/2012 8:54

http://www.cnbc.com/id/47375468

Hedge Fund Trade of the Day: Long Portugal, Short Ireland

One of the more unexpected ideas to emerge from the Skybridge Alternatives investor summit has been investing in bonds issued by the government of Portugal.

Portugal, of course, is a founding member of the PIIGS, the nasty acronym for Portugal, Ireland, Italy, Greece and Spain — the countries widely believed to have the biggest debt problems in Europe.

So why go long Portuguese bonds?

"Portugal is not Greece. It's not Spain. We think it sneaks through this mess," one major hedge fund manager said (speaking on the condition of anonymity).

Pierre Lagrance of the Man Group touted Portuguese bonds as well. He said that credit traders at the Man Group were going long Portugal and shorting Irish bonds.

"Everyone thinks that Ireland is the model of austerity. But the Irish economy is really suffering," Lagrance said.


Portuguese bonds are trading at levels that indicated a recovery below that of Greece.

"Even if there's a default, we think the recovery will be above Greece's 20 percent," Lagrance said.

So there you have it: the hedge fund contrarian trade of the day. Long Portugal, short Ireland.
"People want to be told what to do so badly that they'll listen to anyone." - Don Draper, Mad Men
Avatar do Utilizador
 
Mensagens: 4688
Registado: 12/5/2004 19:52


Quem está ligado:
Utilizadores a ver este Fórum: Google [Bot], Phil2014 e 190 visitantes