Given the secular backdrop in Europe since he founded Lucerne Capital Management in 2002 to invest there, you might expect Pieter Taselaar to regret that going-in choice. But that’s not at all the case. “We’re not investing in Europe to be in Europe, we’re investing in Europe because we know it well and we think it’s inefficient,” he says. “That’s how we generate returns.”...
ValueInvestorInsight-June2019
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