IS A GEOGRAPHIC FOCUS FOR TRADITIONAL SEARCH NECESSARY IN EUROPE?

In the US, traditional search funds largely need to be geography agnostic (within US) to get funded for a traditional search - this makes sense given it's within the same country. How does this translate to Europe, however? I would assume you'd still focus your geography to one country, e.g. Belgium? Or would investors prefer picking a region, e.g. Benelux, Nordics, DACH?



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