Bloomberg – Pierre Lagrange, co-founder of GLG Partners Inc., said he favors industrial and energy stocks and is shunning banks as he opened his European equities hedge fund to retail investors.
The fund, which can hold both long and short positions, will “focus on industrials, exporting companies and oil companies,” Lagrange said in an interview on Bloomberg Television’s “On the Move” today. It will make bullish bets on “all these things that are more dominated by what’s happening in the world and less by the European sovereign” debt crisis.
