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Komfie Manalo, Opalesque Asia:

In a surprising development, the often shaky Russian market is providing hedge funds the opportunity they need, a shot in the arm in today’s volatile environment. Data from eVestment showed that Russian assets posted the returns amongst emerging markets with the Russia-focused funds gaining an average 29% since 2015, reported Bloomberg.

The report said that Russian funds outperformed its peers with China-focused funds returning only 3.6% while funds invested in India returned 1.85% on the average during the same period. The MSCI Russia Index gained 17% since the start of 2015, the report added.

Bloomberg quoted Albin Rosengren, a partner at East Capital Group, as saying, "There are not too many places in the world where you can get the returns you can get in Russia." Roisengreen added, "Investors were exiting Russia last year as there was a lot of market uncertainty, and they are entering Russia this year as it looks attractive. For us, Russia has been a good investment both in 2015 and 2016." East Capital is an investment firm with nearly $2.5bn in assets.

East Capital’s $500m holdings in Russia-dedicated fund gained 17% in 2015, compared with only 5.5% profits registered by the remaining positions held by the firm’s remaining assets. An estimated $1bn of East Capitals assets are invested i......................

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