Reuters Italia – Platinum Capital Management has launched a hedge fund to focus on European, mainly French, stocks which could benefit from takeover and demerger activity, its managing director saidon Tuesday.
The launch comes at a time when corporate activity in Europe has seen nearly $400 billion (230 billion pounds) thrown at deals in the first quarter of this year, boosting stock prices by an estimated 8 percent.
“I think you’ve got a good few more years of corporate activity … I wouldn’t say it’s coming to an end,” Platinum’s Managing Director Craig Reeves told Reuters.
“There is so much more money in private equity and hedge funds that five years ago didn’t exist … They are snapping up more and more firms all the time.”
