Emerging market managers had a flying start to the year as markets started 2012 in buoyant form – particularly in equities, where there were some punchy monthly numbers. Diamond Age Russia made 20.43% and Caddis was up 18.50%. The Limestone Wider Russia strategy gained 17.08%, Access Turkey Opportunities was up 13.49%, HH Generation made 12.14%, and GEM Global Energy was up 10.69%.
Wermuth Quant Eastern Europe made 8.39% and the Greater Europe Fund was up 8.05%. Verno Russia made 7.03%, Armajaro Emerging Markets was up by 6.59%, Matterhorn Breithorn gained 6.55%, and Scipion Index Tracker returned 6.28%. Investec