CNBC – Park Avenue, Manhattan, is half a world away from Kaiserstrasse, Frankfurt, and the corridors of the European Central Bank. The closest that the hedge funds of New York have come to austerity is cutting back on helicopter trips to the Hamptons.
Yet with distance also comes the ability to reflect and the confidence to act. So while investor sentiment in Europe remains wary, the U.S. smart money is looking for opportunity in the belief that disaster has been averted.
