Saturday, 20 December 2014
Last updated 12 hours ago
Dec 11 2007 | 11:13am ET
London-based Explorer Capital this month launched a dedicated Russian long/short equity fund. The Explorer Russia Fund is seeded by DB Advisors Capital Management, part of Deutsche Bank’s Asset Management division, who also were one of the initial investors in Explorers' first fund, the Explorer Emerging Europe Fund.
The fund will have a long bias and will seek out opportunities in the small and mid cap sector while maintaining a balance using large cap positions. Steffen Gruschka, the firm’s managing partner and chief investment officer, will manage the fund. “I have been managing Russia portfolios for nine years and whilst Russia has evolved dramatically the investment universe has also increased substantially,” said Gruschka. “The investment opportunities remain highly compelling, particularly in the industrial, infrastructure, financials and real estate sectors”
According to the firm, its Explorer Fund is up 33% net since inception in November 2006 with an annualized volatility of 5%.
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.