Piotr Zielonka
& team
Citi
Repeating at No. 3 is the Citi duo under Piotr Zielonka, who also leads the No. 2 crew in Real Estate. “His work on Polish utilities demonstrates deep knowledge of sector dynamics — useful given the complexity of the industry,” attests one money manager. The team, which is based in Poland, is bullish on Polska Grupa Energetyczna, based on its smart management of capital expenditures and operating costs, Zielonka says. Recommended since June 2010, the analysts highlighted their buy rating on PGE in February, at 16.01 złoty; by the end of May, the stock had risen 13.1 percent, to Zł18.10, and led the sector by 28.3 percentage points. — Katie Gilbert