Fri, Jul 3, 2026
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Alternative Market Briefing

Pharos Russia Fund 16.4% in September, 44.9% YTD

Thursday, October 15, 2009

From the Opalesque team:

Pharos Russia Fund is the best performing Russia focused fund over the past decade featuring an annualized return of +22.1% with less than half the market volatility. During its 12 year history, and despite the travails of both 2008 and 1998, the fund has never suspended NAV, put up a gate, set up a side pocket, impeded a redemption request or reset the HWM. The fund was up 16.4% in September, 44.9% YTD. In 2008, it was down -37.7%.

With oil holding steady at $70 and widespread optimism that the global economy is recovering from crisis, Pharos' managers believe Russia offers an excellent opportunity for investment. They estimate that Russia will see in excess of 5% GDP growth next year, and over the next five years, they expect GDP growth rates to range from 6%-7% while the IMF forecasts "advanced" economies will contract 2% in 2009 - with this pattern extending into 2010-12. This long-term trend is now being accelerated by the loss of confidence in Western markets and institutions as a result of the "sub-prime" debacle.

Pharos Russia Fund is an absolute return hedge fund focused on securities in Russia and the former Soviet Union. The Fund is the top performing Russia Fund over the past 11 years. The Fund has the possibility of using derivatives or going short, and is positioned with a long bias due to the manager's positive outlook for the Russian market... Corporate website: ......................

To view our full article Click here

Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Other Voices: Nvidia extraordinary growth and the challenge of sustaining demanding valuations over time[more]

    Antonio Di Giacomo, Senior Market Analyst at XS.com, writes: Nvidia has established itself as one of the most extraordinary growth companies in the global technology sector. Over the past two fiscal years, its revenues have risen from levels close to $60 billion annually to well above $120 billi

  2. Secondaries take center stage: What the 2026 PE landscape means for GPs and investors[more]

    Matthias Knab, Opalesque for New Managers: The 2026 edition of Dechert's Global Private Equity Outlook - "Signs of a Gradual Thaw" - marks a notable shift in industry sentiment. After years of compr

  3. And, finally: Time to share it with the people[more]

    From Newsoftheweird: Leavenworth, Washington, has become a tourist destination because of the Bavarian theme businesses have adopted there, NPR reported. One shop, the Leavenworth Nutcracker Museum, houses the world's largest nutcracker collection, thanks to 101-year-old Arlene Wagner. Wagner sta

  4. Opalesque Exclusive: Private Markets Evergreen Funds - An Insider's View[more]

    Matthias Knab, Opalesque for New Managers: Private Markets Evergreen Funds: What Investors Need to Know Before They Dive In The democratization of private markets is well underway. Structural barriers t

  5. Opalesque Exclusive: Governance, Scale, and Boutique Resilience in a Consolidating Hedge Fund Industry[more]

    Matthias Knab, Opalesque for New Managers: The hedge fund industry has undergone significant consolidation in recent years, with capital increasingly concentrated among large multi-strategy platforms. Yet boutique m