China’s Long-Term Strategy vs The West’s Civil War and Short-Termism While the effectively bankrupt West is tearing itself apart and undermining its society, economy and science, China is not just getting on with it, but forging ahead. A good starting point in understanding what is happening now, with all the…
Read MoreIan Pryde, Founder & CEO of Eurasia Strategy & Communications, is to present a seminar at the Canada-Eurasia-Russia Business Association (CERBA): “Russia’s Future Prospects & Russia in Comparison with Emerging Markets of the CIS, Africa, Latin America and Asia”. Ian will cover topics such as Russia’s “catch up with West”…
Read MoreIn 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 Fund’s constructive portfolio stance lead to very significant positive gains in the first weeks of December, beyond the scope of…
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 modest proportions, with only a 62% net long exposure, i.e. quite a low “long bias” by the Fund’s historical standards.…
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 re-configured to produce more stable and low volatility returns: +2.40% (week ending June 8th), +2.55% (June 15th), -1.50% (June 22nd),…
Read MoreDas Boot – Super Goldilocks – Super Cycle Leave it to the French: “The looming recession will spur a 60% drop in stocks. The unfolding liquidity-driven Emerging Markets (EM) and commodity bubble will burst just as it did in the second half of 2008.” Albert Edwards, Chief Strategist, Société Générale…
Read More“There’s No Way You Can Bet Against America & Win.” Warren Buffett. There is a Russian proverb: “трудно найти чёрную кошку в тёмной комнате, особенно, если её там нет” – “it’s difficult to find a black cat in a dark room, especially if it isn’t there.” This pretty much characterises…
Read MoreRussia witnessed a hot summer of burning skies over Moscow and other parts of the country, while extreme gyrations in global markets saw the MSCI Emerging Markets Europe fall a punishing 24% between 15 April and 5 July. Many, if not most investors, were assailed by renewed concerns that US…
Read MoreПарадоксы русской модернизации Modernity – западно-европейское изобретение, а не китайское. Попытаемся разобраться в том, что такое modernity, выяснив попутно некоторые западные unspoken assumptions – «непроговариваемые предположения». Ведь именно они объясняют, почему все попытки учить Запад, не приносят результатов и лишь вызывают обратный эффект. Мы также определим внешние и внутренние компоненты…
Read MoreПетербургский саммит G8 – отличный повод посмотреть, как складываются даже не отношения между Россией и ведущими странами постиндустриального общества, а их представления друг о друге. Надо сказать, что проблемы с пониманием “Другого” есть у обеих сторон. На Западе многие обвиняют Россию в растущем авторитаризме и централизации, в “обратной прихватизации” (на…
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