Strong euro likely to determine where the best opportunities lie

As the strength of the euro troubles exporters, managers are switching from long-only towards short positions

Stock pickers will fare better than index followers among European long/short managers in the coming months, according to industry figures.

There will be increasing opportunities on the short side, with the strong euro defining where they can be found, they say.

An increasing appetite for restructuring and consolidation could also create investment opportunities for managers with the skills to find them.

"This will be a revealing year for European long/short managers," according to Anthony Gibson