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Sunday 28 November 2010

Hedge Funds Target Portugal and Spain, Cautiously - WSJ.com


10:07 |

Hedge Funds Target Portugal and Spain, Cautiously - WSJ.com: "As fears of financial 'contagion' resurface in Europe on the back of Ireland's woes, hedge-fund managers are cautiously setting their sights on potential problems in countries such as Portugal and Spain. But they face political and other challenges in placing bearish bets.
The deteriorating economic picture in some corners of Europe clearly has the attention of many hedge-fund managers and other investors who see Ireland's rescue package as little more than a Band-Aid for the continent's woes. They are expecting more bad news to come, predicting that borrowing costs elsewhere will become prohibitive, potentially forcing other countries to also seek a bailout or restructure their debt."


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