< The 2014 All-Europe Fixed-Income Research Team Daniel Rekrut & team Barclays First-place appearances:0
Total appearances: 3
Team debut: 2012 At No. 3 for a second straight year is the Barclays duo guided by Daniel Rekrut, who also captains the top team in Investment-Grade Technology, Media & Telecommunications. The analysts work out of London and remained positive on this sector during 2013, Rekrut says, believing that the majority of issuers would see an increase in profitability or free cash flow, or both. One name that has exhibited particular strength is Spain’s Cableuropa, popularly known as Ono, which offers cable and broadband services and operates cybercafes. Since January 2013 they have recommended overweighting Ono’s subordinated bonds, cheering the company’s stable operational performance, free cash flow generation, improving capital structure and relative value. Other current favorites include Switzerland’s Matterhorn Financing & Cy, parent company of mobile operator Orange Communications, whose payment-in-kind toggle notes they believe offer the most attractive value against peers’. Rekrut and his colleague have overweighted the instruments since late May.
See also Daniel Rekrut's profile in the 2013 All-Europe Fixed-Income Research Team.