Professional investors can review published thought leadership and market updates from the Argonaut Investment Team.

1 post found for January 2015

‘Grecian 2015’

Increasing political risk was behind the sale of our residual Greek bank positions in early October, since when the Greek market has fallen by 25%. The failure of the Greek parliament to agree a Presidential candidate will lead to earlier parliamentary elections on January 25th 2015. Syrizia (who advocate Greece leaving the IMF creditor programme) are leading New Democracy in the polls (currently 30% to 27%1). And although Greece has achieved a primary budget surplus, it still requires external financing…