We are pleased to announce that our fund Clairinvest Cosmopolitan Global is nominated for the 11th annual HFM European Hedge Fund Performance Awards in the category Macro long-term performance (5 years) - under $500m. The winners will be announced on June 6th. 2019. About the Award The awards aim to recognise excellence in risk-adjusted and [...]
French bank SocGen to cut 1,600 jobs in drive to lift profits “SocGen does not have a choice: increased regulation, high capital requirements and very intensive capital demand to run trading businesses make it a business not profitable,” said Clairinvest fund manager Ion-Marc Valahu. PARIS (Reuters) - Societe Generale plans to cut 1,600 jobs, mainly [...]
Engie-led consortium seals $8.6 billion purchase of Petrobras pipeline unit “It is a good diversification for Engie,” said Clairinvest fund manager Ion-Marc Valahu, whose firm owns Engie shares. “Also, Engie will benefit from growth expectations in Brazil.” PARIS (Reuters) - A consortium led by French utility Engie has won a bid for Petrobras’ TAG pipeline [...]
Credit Agricole's Q4 profits beat forecasts, meet targets a year early “The banking sector can be seen as the new utility sector. Yes, they are overcapitalised, but they have a high dividend yield and steady income stream,” said Ion-Marc Valahu, fund manager at investment firm Clairinvest, whose portfolio of European bank stocks includes Credit Agricole. [...]
Casino’s Game of Chicken: Short Sellers Persist as Stock Up (1) 2019-02-04 11:52:41.361 GMT “The shorts targeted the company and maybe they had some valid points,” Ion-Marc Valahu, the co-founder of Geneva-based Clairinvest and a Casino investor, said in a phone interview. “Casino maybe took a little too much time, but it addressed them and [...]
French consumer confidence rebounds after slump Sudip Kar-Gupta PARIS (Reuters) - French consumer confidence levels rebounded in January from a slump in the previous month, though they remained well below average as the euro zone’s second-biggest economy grapples with the impact of anti-government protests. “I have to say, I am surprised by the pick-up in [...]
