Hedge funds in Serbia

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Hi

I am trying to get as much as possbile information on the finance industry in Serbia. Specificly hedge funds, who is who and how the market is down there. But also would like to hear about the generall industry, buy side, sell side, market makers, etc.

Trying to find out what oppertunities there are to moving over there and establishing a career.

Any help is much appreciated.

Comments (15)

 
Best Response
Apr 9, 2013 - 6:28pm

i think glencore hires people over there to trade snow...

Disclaimer for the Kids: Any forward-looking statements are solely for informational purposes and cannot be taken as investment advice. Consult your moms before deciding where to invest.
 
Apr 10, 2013 - 6:56am

Coal, coal and coal.

[quote]The HBS guys have MAD SWAGGER. They frequently wear their class jackets to boston bars, strutting and acting like they own the joint. They just ooze success, confidence, swagger, basically attributes of alpha males.[/quote]
 
Apr 11, 2013 - 2:05pm

I can probably help you with some info. There is no derivatives market in Serbia, there is only one stock exchange- Belex. (even bonds are rare)
As of hedge funds, I have not heard of any, but there are some PE firms that invest in Serbia (like Salford Fund). There are no real Investment banks, only a few Financial Advisory firms and some Commercial banks have IB departments about which I am not sure if they do anything really. Most Corporate finance advisory is done by Big 4 - Advisory and Audit. There are a dozen of Brokerage firms.
As you have mentioned, Energy sector is quite strong, although most of it is government owned.
Hope this was useful, if you have anything else on the topic, feel free to ask.

"When a defining moment comes along you define the moment or the moment defines you."
 
Apr 17, 2013 - 3:34am

"Why would you want to work there? (Honest question.)"

justin88,

Serbia has good (non GM) food, beautiful women, and is overwhelmingly white and Christian.

The US and UK have crap food, fat miserable women, and vast Third-World Moslem populations.

Serbia is self-sufficient in food and water, and could quickly become self-sufficient in energy.

Unlike the US and UK it has not relied on an international financial Ponzi industry to keep its economy afloat, so when Wall Street and the City of London disappear, Serbia will be unaffected. Americans and Brits, however, will be rummaging through dustbins to survive.

In the coming financial apocalypse, Serbia will survive, as will a few US states, but Britain is doomed.

These are just a few reasons why one might want to relocate to Serbia.

 
Apr 17, 2013 - 8:46am

Michael Thomas:
"Why would you want to work there? (Honest question.)"

justin88,

Serbia has good (non GM) food, beautiful women, and is overwhelmingly white and Christian.

The US and UK have crap food, fat miserable women, and vast Third-World Moslem populations.

Serbia is self-sufficient in food and water, and could quickly become self-sufficient in energy.

Unlike the US and UK it has not relied on an international financial Ponzi industry to keep its economy afloat, so when Wall Street and the City of London disappear, Serbia will be unaffected. Americans and Brits, however, will be rummaging through dustbins to survive.

In the coming financial apocalypse, Serbia will survive, as will a few US states, but Britain is doomed.

These are just a few reasons why one might want to relocate to Serbia.

Bigot and a doomsdayer...quite the combination.

"For I am a sinner in the hands of an angry God. Bloody Mary full of vodka, blessed are you among cocktails. Pray for me now and at the hour of my death, which I hope is soon. Amen."
 
Apr 21, 2013 - 2:42am

Michael Thomas:
"Why would you want to work there? (Honest question.)"

justin88,

Serbia has good (non GM) food, beautiful women, and is overwhelmingly white and Christian.

The US and UK have crap food, fat miserable women, and vast Third-World Moslem populations.

Serbia is self-sufficient in food and water, and could quickly become self-sufficient in energy.

Unlike the US and UK it has not relied on an international financial Ponzi industry to keep its economy afloat, so when Wall Street and the City of London disappear, Serbia will be unaffected. Americans and Brits, however, will be rummaging through dustbins to survive.

In the coming financial apocalypse, Serbia will survive, as will a few US states, but Britain is doomed.

These are just a few reasons why one might want to relocate to Serbia.


This is the most idiotic comment I've ever read on this board..
 
Apr 21, 2013 - 7:07am

Actually the first half of the comment is right to the point, but I think Michael has no idea how much debt Serbia has from various sources. (IMF, WB, EU, Russia, UAE)
The 2008 crisis affected Serbia (all the Balkan region) , maybe even more badly then USA and UK. Investors fled to less risk, most investments were in Real Estate and are now stopped, and unemployment rate is around 25%, inflation around 10%, and Interest rates are above 10% (In times when Euribor and Libor are below 1%). Don't get me started on Belgrade Stock Exchange.
Serbia has a lot of potential, but it needs SMART investments.

"When a defining moment comes along you define the moment or the moment defines you."
 
Apr 17, 2013 - 8:41am

But its so cold...I'd rather live in Canada.

Follow me on Twitter: https://twitter.com/_KarateBoy_
 
Apr 17, 2013 - 9:36am

Michael Thomas, are you serious? Balkan states have intense national pride, but let's be honest here - Serbia still hasn't recovered from the division of Yugoslavia. It's a crumbling country in a tinderbox region of the world. If the "financial apocalypse" comes, Serbia will fall much quicker than the U.S. Good luck with Albania, Bosnia, etc.

 
Apr 19, 2013 - 6:17pm

Sorry for not checking here for replies earlier, a lot has been going on lately career wise.

Anyway, being borne and raised in Northern Europe, and having a my family being from Serbia, I have found over the years that it would be very nice to live there, due to my personal life being much more enjoyable down there. Taking that into consideration with the combination of the horrible rollercoaster ride I have experienced in my career since I graduate, I can honestly say that it would be a pleasant welcome to find a career in my native country.

And as for Michael Thomas, I couldn’t have said it better myself.

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