Hedge funds and private-equity firms have big plans for Europe

Hedge funds and private-equity firms have big plans for Europe: Economist – “THIS is going to be the next great trade,” one American hedge-fund executive effused early this year. For more than two years funds have been salivating over the slew of assets that Europe’s banks will have to sell. Many have been opening offices in London and hiring to prepare for this “tidal wave” [...]