Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Amber Capital’s Joseph Oughourlian is Crazy About Greece

It seems that there is more in Greece than just beautiful islands and beaches. For some investors, this country represents business heaven, as well. Namely, in a recent interview in London, Amber Capital’s Joseph Oughourlian revealed that he is crazy about Greece and that he would like to invest more, but there are not enough stocks for him to buy. He already purchased construction conglomerate Ellaktor, the Athens Stock Exchange, and telecom Company OTE, but since he is staying away from banks he can’t track more interesting stocks for investing in Greece, which he finds a very attractive country for business at the moment.

 “I’m super optimistic about the Greek economy. It’s got all the catalysts in reverse versus a lot of the countries — not just in Europe, in the rest of the world. It’s got populism receding, it has the economy in a very, very strong footing, it’s got incredibly strong fundamentals.”

Joseph Oughourlian launched his own event-driven hedge fund Amber Capital Investment Management. At first, the fund operated as a part of SG Corporate & Investment Banking, a subsidiary of Societe Generale Group, and then in 2005, it was formed as an independent entity. The fund is headquartered in London, England, but provides additional offices in NYC, New York, and Milan, Italy. It mainly invests in value stocks, takeovers, spin-offs, and mergers, with two-thirds of its investments being in Europe and the rest in the US. In September 2017, Amber Capital managed around $1.7 billion in assets.

Interestingly, in 2018, Joseph Oughourlian had high hopes for Italy, in which stocks have since fallen mostly because of the country’s growing debt burden. Now, he has shifted his focus towards the southeast, thinking that Greece is in the process of high-speed recovery after the long period of recession. Year-to-date Greece’s stock benchmark is up 17%.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.