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Alternative Market Briefing

Russia hedge funds battle, eleven funds suspended or closed, but opportunities open in ABL, distressed and event driven strategies
Thursday, December 11, 2008

According to industry sources, the following eleven Russia/CIS hedge funds are either suspended or closed:

  • Ukraine Renaissance Fund SG-B: Suspended
  • Russia Renaissance Fund SPC: Suspended
  • ABN Amro FDS - Russia Equity-A: Suspended
  • Wermuth Greater Europe Deep Val Ltd.: Suspended
  • UFG Russia Select Fund Ltd-A: Suspended
  • K&S Russia Mixed Investment: Suspended
  • UFG Russia Alternative Ltd-A: Suspended
  • ABN AMRO Russia: Closed
  • Charlemagne Capital Rus FD-A: Closed
  • Trust Hedge Fund-A$: Closed
  • Da Vinci CIS Spec Opps USD: Closed
Denholm Hall, which has invested in the Russian markets since the early 1990s, reached out to investors this week addressing concerns of illiquidity in the Russia markets and announced a possible restructure of its Russia Arbitrage Fund (see here for our previous coverage.)

Unprecedented liquidity trap

Investors in Russia are caught in an unprecedented liquidity trap; this was extensively discussed in the recent Opalesque Russia Roundtable, which took place September 28th 2008 in Moscow. The Opalesque Roundtables provide continuous updates and intelligence on the major global hedge fund jurisdictions and are moderated by Matthias Knab.

The Opalesque Russia Roundtable script can be downloaded for fre......................

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