Thursday, 18 December 2014
Last updated 14 hours ago
May 15 2014 | 2:44pm ET
Russia may be withstanding international sanctions over its annexation of the Crimea, but hedge funds focused on the country are not.
The sanctions imposed since Russia’s occupation of the Ukrainian territory have failed to have the bite that Western leaders hoped for. But they have sent the country’s stock market into a tailspin, one that has taken hedge funds investing in Russia with it.
Moscow-based Prosperity Capital is down 16.2% through April 24, The Wall Street Journal reports. Firebird Management, which is based in the U.S. but invests in Russia and Eastern Europe, has seen its main fund lose 14.3%.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.