Pharos’ Russia Funds Struggle In Tough Economic Markets
Dec 29 2008 | 12:01am ET
Hedge fund firm Pharos Financial Group has had a rough go at it this year. The firm’s Russia Fund, Gas Investment Fund and Small Cap Fund are down 36.2%, 35.1% and 51.8%, respectively, through November.
The good new is that compared to one index, the funds aren’t doing too badly. The MSCI Russia Index is down 72.4% over the same period.
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