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Global Investor/isf CEE Masterclass: Hedge fund panel
21 May 2010
The Russian hedge fund market, while still in its infancy, is facing more obstacles than it has advantages
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Russia
The Russian hedge fund market, while still in its infancy, is facing more obstacles than it has advantages, a panel of insiders said at Global Investor/isf's master class series in Moscow, predicting that growth of 30-40% is the most optimistic scenario possible for 2010.
But Russia-focused hedge funds are still cropping up fast and their total value is growing despite the financial turmoil of the past two years, said Lou McCrimlisk, managing director of Prime Finance at Citi. There are now 160 of them with an average value of $10-35 million, and the largest have as much as $500 million under management. In recent months, they have started to benefit from the safe-haven status of Russia’s relatively stable economy, and have seen 12 straight...
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