Wermuth Asset Management, the $300 million Wiesbaden-based
equity hedge fund firm focused on Russian opportunities, has
refined the geographical emphasis of its flagship Greater
Europe Fund to focus on the most liquid Russian stocks.
The fund previously took exposure to the Russian growth
story by investing primarily in companies engaged with Russia
but located outside the country. By contrast, it is now
investing exclusively in a concentrated universe of around 40
Russian blue-chip companies.
As of 31 January, the fund has...