The euro is taking a back step because there was an overreaction last year to the European debt trouble, according to David Dreman, Dreman Value Management founder, who adds that 2012 will be better than people think.
“I think we’re probably going to see less emphasis on the whole European situation. They are taking a backseat here.”
Hedge fund managers go about finding investment ideas in a variety of different ways. Some target stocks with low multiples, while others look for growth names, and still others combine growth and value when looking for ideas. Some active fund managers use themes to look for ideas, and Owen Fitzpatrick of Aristotle Atlantic Partners is Read More
“I think there was an overreaction last year.”
“Germany will continue to do well. I think France will do reasonably well. We haven’t seen much slower growth up to now. It is certainly not hurting the United States up to this point.”
Stock are at “valuations that are lower than at any point since the mid-1990s.”
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