His fund has raised its exposure to these countries to about 50 percent, from 40 percent in the last few years.
Vivendi boss Jean-Bernard Levy had made the deal a top priority to increase the company's cash flows and raise its exposure to both telecoms and its home market in France.
In another trend-bucking move, Credit Suisse has raised its suggested exposure to bonds denominated in now-mighty sterling eightfold.
After a decade of sluggish performance that made it difficult to achieve the fund's target investment returns, the state hopes that raising its private equity exposure will help it to meet those goals.
As a result, the firm has raised its recommended equity exposure sharply.
The markets also saw its exposure to Greece and raised its borrowing costs accordingly.
This result raises concerns regarding its exposure to exhibition lighting.
"This market is muddling through but doing remarkably well," says Stack, who's now 50% allocated into equities, but plans to raise his exposure soon to 65%.
"While the bankruptcy is viewed as a bad thing elsewhere, it raised the exposure level of Detroit's real estate market in China," says Evonne Xu, a Michigan attorney catering to Chinese purchasers.
"It has really raised my exposure". The Quail is competing for attention with an increasing number of annual motorcycle events.
