Three Bridges Looking For Opportunity In Greek-Related Volatility

Three Bridges has increased its net long exposure in Europe, but it has also increased its gross exposure in Germany significantly

After losing 2.1% in 2014, Three Bridges Capital is up 2.8% for January on the strength of European equities in general, but it’s especially notable how much more of its exposure is based in Germany compared to the end of December.

“European markets remained volatile during the month with a number of major events occurring in rapid succession,” writes Three Bridges managing partner and former Omega Advisors partner Gene Salamon in a recent investment letter. “Their impact was relatively short-lived and we are encouraged by the resiliency of European markets so far this year.”