31.01.2011 Opalesque Exclusive: Caravel turned bullish on global emerging market and frontier equities entering 2009 and rises +115.73% in 2 years
From Kirsten Bischoff, Opalesque New York:

Opalesque has learned that New York and Washington-based Caravel Management’s The Caravel Fund (International) Ltd, ended 2010 with returns of +37.8% bringing the fund’s annualized returns since inception in October 2004 to +22.2% (the fund had one down year in 2008 with -50.5%). The fund has outpaced the MSCI emerging markets indices since its

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