In November, the Fund had a slightly negative performance of 1.76%, although it did outperform, by a notch, the “pure Russia” indices, such as MICEX, which dropped 1.92%. Nevertheless, the […]
Read MoreMost observers agree that after making generous promises during the presidential election campaign, Vladimir Putin has finally realized that Gazprom is no longer the state’s cash cow. In October, he […]
Read MoreIn October, the Fund had a slightly negative performance of 1.85%, having gained almost +2% intra-month and been affected by a global sell-off in the last week of the month […]
Read MoreIn September, the Fund recorded a positive performance of +2.13%, after positioning its investment portfolio in August for an anticipated QE3 announcement the following month, although it gave up some […]
Read MoreIn August, the Fund had a slightly negative performance of 2.5%, after positioning itself for a QE3 announcement of then unknown timing. The Fund’s overall constructive positioning, however, was of […]
Read MoreIn July, the Fund gained fractionally +0.38%, and, in fact, delivered on the Investment Advisor’s promise to meaningfully decrease volatility. Here are the weekly returns since the Fund’s portfolio was […]
Read MoreIn June the Fund gained fractionally +0.42%, and, in fact, started delivering on the Investment Advisor’s promise to meaningfully decrease volatility. Here is the most up-to-date example of weekly returns […]
Read MoreDrawing by Niyaz Karim Just before the start of the recent G20 summit in Los Cabos, Mexico, economists at the Brookings Institution announced that policy paralysis was hitting the global […]
Read More+100% for the Russian market in 24 months – how? In May the Fund lost 21.98%, slightly more than its benchmark, the MSCI Emerging Markets Europe Index, which fell by […]
Read MoreIan Pryde appeared on the programme Иностраннцы (Foreigners) on Русская служба новостей (Russian News Service) to discuss the Eurozone crisis. Update: Русская служба новостей (Russian News Service) was renamed «Life […]
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