Vltava Fund: Czech pioneer is top performer
Czech-based Vltava Fund has started relatively small - at $13 million - but as these assets are almost double its seeding capital, the fund is attracting the attention of institutions
The formation of the Prague-based Vltava Fund in 2004 was innovative in at least two ways: one, it was the first hedge fund to be based in the Czech Republic; and, two, it was the first Malta-domiciled hedge fund to be listed on the Irish Stock Exchange.
Vltava - named after the river that runs through Prague - was set up last July as a management company and had its inaugural long/short global equity fund up and running by the start of September.
So far, performance has been excellent - with the fund up more than 20% in its first six months, and up 7.5% in February...