$1 Billion Swedish Hedge Fund Bets Draghi to Aid European Stocks

Bloomberg – Catella Hedge Fund, a Swedish investor with more than $1 billion in assets under management, is buying up stocks it says will do well if Europe’s recovery picks up.

After returning 8.2 percent last year and 7.5 percent in 2013, the self-professed risk-averse fund shifted its investments this month to profit if Europe’s economy starts growing at a faster pace, Co-Founder Ulf Stroemsten said in an interview in Stockholm. The fund targets a minimum annual return of 6 percent.

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