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...