Pharos’ Russia Funds Struggle In Tough Economic Markets

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.