Verno plays for long-term gains with fundamental-led Russian equity fund
Fri Apr 20, 2012
Ex-Kazimir co-founder Dimitri Kryukov’s Verno Russia fund is shaping up well, with good Q1 performance and a positive outlook for equities
Verno Investment Management, the Moscow firm led by former
Kazimir Partners co-founder Dimitri Kryukov, has made a very
positive start to the year with its flagship Verno Russia Fund.
The strategy employs a blend of fundamental investing,
event-driven plays and short-term trading to exploit
opportunities in Russia and the wider former Soviet Union, and
is up 14.55% in the first quarter.
The fund represents something of a continuation of
Kryukov’s work at Kazimir, one of the first true
Russian hedge funds and the firm he established in 2002 along
with Frank Mosier. The co-founders parted ways in 2009 and
Kryukov launched Verno in January 2010, having also brought
onboard most of his former team at Kazimir.
Verno Russia comprises four main investment styles, spanning
fundamental stock selection, special situations, trading and a
dedicated hedge book. "Fundamental investing is the core of
what we do: idea selection driven...
ISSN: 2151-1845 / CDC10004H
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