Russian hedge fund Verno Capital was launched in 2010 by Moscow-based founder and CIO Dimitri Kryukov, who previously co-founded Kazimir Partners in 2002. During that incarnation, Kryukov as portfolio manager of the Kazimir Russian Fund saw it return over 450% net of fees (over 30% annualised) against the RTS index returns of 92% since its inception in A