Monday, 6 July 2015
Last updated 5 hours ago
Dec 14 2007 | 10:50am ET
Moscow-based hedge fund Red Star Asset Management enjoyed strong returns in November, and has told investors to expect the good news to continue in the new year.
The US$50 million firm, which invests on its home turf, said in a note to investors that its flagship Double Alpha returned 3% last month, Reuters reports. The fund is up 15% year-to-date, unimpressive compared to other Russia-focused hedge funds. But Red Star told investors it sees “significant long/short opportunities” next year.
“We anticipate solid fund performance well into the year ahead,” the note says, adding that the firm is “selectively optimistic on the long side through year-end and well into the first quarter of 2008.”
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…