Fri, Nov 6, 2026
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Alternative Market Briefing

SOKOL Russian Equity Opportunity Fund up 14.1% in October, 36.64% YTD

Wednesday, November 25, 2009

From the Opalesque Team:

In October, SOKOL Russian Equity Opportunity Fund saw the same factors at work that have been determining Russian stocks during the previous months: the international exchanges; slowly growing oil prices (this time to just below $80 per barrel); an appreciating Ruble; and little or none domestic news. Inflation is low due to decreasing energy and import prices, state coffers are filling up again, and foreign policy has been unaffected by frictions for the largest part of the year.

According the managers at SOKOL, the quiet and professional handling of the post-crisis period by the Russian government, of course in collusion with the windfall of rising oil prices, has been globally honored by an almost 78% decrease in Russian sovereign debt insurance costs (CDS prices, YTD) by October 31. This was the world's largest CDS price increase this year, underlining the manager's belief and recommendation: never sell Russia short - or at least not each time some cloud is blocking out the sun.

Thee political situation is even calm to an extent that president Medvedev pushes demands for modernization, transparency and the strengthening of the civil society. Perhaps no bad timing, taking into account the peculiar views on those subjects as held by the ruling elite.

The fund invests in a diversified portfolio of Russian mid cap stocks after careful fundamental analysis of each individual company. The fund does not invest in leverage and short-......................

To view our full article Click here

Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: DACH institutions push alternatives to 32.3% of portfolios as hedge funds make a comeback[more]

    Matthias Knab, Opalesque for New Managers: Institutional investors in Germany, Austria and Switzerland now hold almost a third of their portfolios in alternative investments, and they are more confident than ever in

  2. KRX chief courts CalPERS for bigger bet on Korea[more]

    Korea Exchange Chairman and CEO Jeong Eun-bo held talks with California Public Employees' Retirement System, or CalPERS, to promote greater investment in South Korea's capital markets, the bourse operator announced Wednesday. Jeong met with CalPERS Chief Investment Officer Stephen Gilmore.

  3. 755 Unicorns, $8 Trillion: Fifth Era maps the autonomous digital economy[more]

    Matthias Knab, Opalesque for New Managers: Fifth Era Partners, a specialized asset manager focused on the convergence of Internet, AI/Agentic and Blockchain technologies, has released the findings of its 13th Bia

  4. Opalesque Exclusive: "Enough beta plays" - how Fasanara builds an alpha-only multi-strategy platform[more]

    Matthias Knab, Opalesque for New Managers: Most multi-strategy funds promise diversification. Fewer can explain why their return streams should stay independent when markets turn. In an Opalesque SkillsLab investor

  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