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...