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Opalesque Exclusive: Oldest Russian hedge funds now focuses on fundamentals unlikely to be affected by crisis, Russia exposed to financial markets-contagion but economy is taking off
Benedicte Gravrand, Geneva: “We have the only Natural Gas Sector fund covering Russia and the CIS in the world,” said Pharos’ John Papesh to Opalesque. “Also, our Small Cap Fund is one of top performing funds to date with half of the volatility of our peer group. Now is the time to invest in Russia.” So Opalesque talked to Pharos’ portfolio manager about the funds and his take on Russia.
About Pharos and the three funds
Pharos Financial Group, which has about $150 million invested in Russia, is a specialist investor in Russia and the former Soviet Union (FSU) and runs three funds. It is one of the oldest Russian hedge funds around and employs a mixture of Russians and foreigners. Two Russian people will be joining the company in a couple of weeks. Pharos has been on the board of over 40 listed companies which gives the firm an intimate understanding of the market.
The Pharos Russia Fund Ltd, a Cayman-domiciled hedge fund, has been in existence since 1997, offers daily liquidity and is a multi-sector Russia and FSU fund. It has a diverse portfolio of liquid equities, and can short and use derivatives. The fund has a 31% annualized return over the past 5 years (-8.7% YTD to March est.)
The Pharos Small Ca...................... To view our full article Click here
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