[Updated] Russian Hedge Funds lead the way in October

New York (HedgeCo.net) – Russia lead the way in October reporting gains of 4.16% in October. Emerging markets total index grew 1.55% in October and is up 36% this year. Latin America rose 2.18% for the month and Asia, excluding Japan, grew 0.41%. According to Hedge Fund Research the HFRI Fund Weighted Composite dropped 0.05%.

Russian hedge fund manager, The Pharos Russia Fund was ranked #1 in the Equity Long/Short category for September 2009 of Barclay Hedge database.

Pharos Russia Fund is an absolute return hedge fund focused on securities in Russia and the former Soviet Union. The Fund is the top performing Russia Fund over the past 11 years. The Fund has the possibility of using derivatives or going short, and is positioned with a long bias due to the manager’s positive outlook for the Russian market.

Editing by Alex Akesson
For HedgeCo.net
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