Bloomberg – Pictet & Cie., the Swiss bank planning to target Middle Eastern clients for its $2.5 billion hedge fund, said investors can make money from European assets as the risk of a break-up in the trading bloc subsides.
“We probably see more value in Europe than in most regions of the world in quality world-class companies that have global demand for their products,” Philippe De Weck, the Geneva-based head of total return equities at Pictet’s Asset Management SA unit, said in an interview in Dubai. “The world is not falling off a cliff and some parts are doing quite well.”
