As the fiscal brakes start to come off of Europe, how can investors begin to take advantage of investment opportunities that are on the horizon? Many viewed the early days of the Trump presidency as negative, but could that view shift as pressure increases to move Europe closer together? Early movements are pointing towards a union of capital markets and banking, which could result in the breaking of financial barriers that have frozen Europe’s growth in recent years.

In this episode, Kieran Cavanna, CIO, Old Farm Partners and host of the Thematic Investors podcast welcomes Johnny de la Hey, Founder, Hunters Moon Capital, to discuss how the stars are aligning for investors in the European banking system, and how the financial system is driving capital and risk-free returns for shareholders. Johnny, an industry veteran, returns to the financial markets this year, having developed his career at Tiger Management and then managing the well-known Toscafund.

His big new London launch is Hunters Moon Capital, which we will explore in terms of strategy and focus, along with the following:

how have rate adjustments have helped European banks outperform some of their US counterparts and why real estate credit losses never really fully materialized across Europe?
securitization levels across Europe and the US, and where each region stands coming out of the 2008 financial crisis.
how a weak-dollar policy could impact banking investment strategies for hedge funds like Hunters Moon Capital.
fintech start-ups and how to identify the right targets to invest in when it comes to regions or platforms.
what peripheral markets (Greece, Argentina, Portugal, Japan) are worth a look at when targeting bank investments.
where does he see insurance and reinsurance deals happening and are the promise of significant returns in this sector achievable.
And more.

Connect with Johnny de la Hey

Hunters Moon Capital is a newly launched investment firm founded by industry veterans Johnny de la Hey and Hugh Rance, formerly of Toscafund, with Johnny also having previously worked at Tiger Management. Headquartered in London, the 13-person team is focused on global financials and equity capital markets, drawing on the founders’ successful track records and predecessor strategies.

The firm officially launched its funds in February 2025, backed by substantial internal capital and supported by a select group of U.S. family offices and institutional investors.

Johnny de la Hey serves as Portfolio Manager of the Crescent Fund, one of the firm’s two flagship strategies. The Crescent Fund is a global long/short equity fund with a focus on financials, particularly across Europe and the UK.

Connect with Kieran Cavanna:

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