For some years now it has been fashionable for fund managers investing in Europe to consider the entire Eurozone as one great big market divided up not by national boundaries but by industry. They see the choice not as between investing in Spain or in Switzerland but between, say, pharmaceuticals and retail. And when asked
In Bond Street tube station an ad catches my eye every morning: ‘140 million people, 9th largest market in the world, 42 billion tonnes of bitumen, 3rd largest movie industry in the world, Africa’s fastest growing telecommunications market. Nigeria …it’s more than what you think it is.’ The effect is slightly ruined by the grammar
With the endless talk about private equity these days you could be forgiven for thinking it must be the only sensible investment out there. Not so. In fact some of private equity’s biggest players (think Guy Hands) have recently been putting their money into something much more prosaic — trees. Until a few years ago,
For fund managers who specialised in Japan, 2005 was a fantastic year. After more than a decade of dealing with a market in the doldrums they suddenly found themselves in the middle of a boom: stocks were rising fast, gurus around the world were tipping Japan as their favourite market and Japanese-themed hedge funds were
If you are the kind of person who believes the things the City says, you might by now be almost convinced that we don’t really need oil any more. If you are the kind of person who believes the things the City says, you might by now be almost convinced that we don’t really need