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Opalesque Exclusive: Pyrenees Investment Management with new hire, assets approach soft close, YTD 15.19% Barcelona based Pyrenees Investment Management has hired a new CFO. Christian Bruno joined the firm in early July. Prior to Pyrenes, Christian was a SeniorAcount Manager at Citco (Amsterdam).He was at Citco for over five years.

The firm runs a Global Emerging Market L/S Equity fund and reported returns for June 2.27% (net) and YTD of 15.19%. Pyrenees says assets have crossed the $300m mark, moving closer to the soft close target which the firm defined to be “between $400m and $500m”.

Opalesque Exclusive: UFG Russian real estate fund closes after reaching target size UFG Asset Management today announced the first closing of UFG Real Estate Fund, L.P. with a fund size of US$150 million. The fund was launched in May and aims to offer international investors access to Russia's booming, but intricate real estate market.

UFG REF will acquire quality plots of land in strategic locations around Moscow and Russia's larger cities. The Fund's focus is land development and it intends to keep a number of the plots for future market opportunities, while also turning some plots into first class commercial property.

The Fund will be managed by Dr. Holger Mueller and Mikhail Tarasov, both with many years of real estate background in Russia. The Fund's investment committee includes the fund managers and Boris Fedorov, founder of UFG, and Flori......................

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